Wednesday, July 29, 2009

Vermont Receives $8.8 Million in ARRA Funding for Energy Efficiency and Renewable Energy Projects

The Department of Energy announced on Tuesday that the state of Vermont will receive approximately $8.8 million in recovery funds for energy efficiency and renewable energy work in the state. The award was part of a package of $54 million allocated to four states under the American Recovery and Reinvestment Act.

According to the DOE press release,
the state of Vermont will use its Recovery Act allocation to fund incentives to advance renewable energy and energy efficiency measures across the state in the public, private, and residential sectors. The state will increase the development and deployment of cost-effective and environmentally sustainable electric power resources by offering grants and loans to residents, businesses, non-profits, government, and farms to help them install such renewable energy systems as solar, wind and geothermal.

The state also will establish a revolving loan and/or small grant program for public-serving non-profit or government institutions—including K-12 school districts, colleges, and universities—to implement energy efficiency measures or renewable energy projects.

In addition, Vermont will use SEP Recovery Act funds to install thermal solar renewable energy systems for heating and/or hot water to low-income residences. This effort will allow the state to continue to expand the weatherization program and realize greater energy savings.

After demonstrating successful implementation of its plan, the state will receive almost $11 million in additional funding, for a total of nearly $22 million.