(Photo of wind turbine installation in Indiana from Flicker and photographer indywriter/Rob Annis)
You may be wondering how (and when) the $787 billion stimulus bill will help renewable energy? It was supposed to be part of the mix, remember – green jobs? Well, four programs were announced by the Department of Energy in the past two weeks, possibly in reaction to complaints the stimulus isn’t coming fast enough to stimulate.
Clean energy grants
Grants totaling $3 billion will soon be available to clean energy companies, with applications being taken starting Aug. 1. The money will cover 30% of the cost of any approved project and will be paid upfront.
These grants will be available for a wide variety of technologies, including wind, solar, hydro, landfill gas, biomass, fuel cells, geothermal heat pumps, and combined heat and power. They should help pay for about 5,000 projects, according to the DOE.
Private investment in renewable energy has sagged recently, reflecting overall economic and credit problems. The stimulus will provide a short-term boost, though officials say cap-and-trade is needed to spur long-term demand for clean energy.
State projects
DOE also gave $141 million to several states last week for energy-efficiency and clean-energy projects. This is just a portion of $3.1B allocated for the states. Hawaii got $10.4 million for energy efficiency in buildings while Texas received $87.5 million for efficiency in public facilities. Others states getting money were Maine, Nebraska and New Mexico. So far half of the money allocated to the states for such projects has been released.
States also got $448 million for weatherization projects. This should affect some 125,000 homes in 13 states, according to DOE. Households with incomes up to 200% of the poverty level are eligible and should be able to save an average of 32% on heating bills once the work is done.
Appliance rebates
Finally, $300 million was announced this week for rebates for Energy Star appliances. States will administer the program and determine both the appliances covered and the level of rebates, as well as a recycling plan for the old appliances. Kind of a “cash for clunkers” in the kitchen. Initial applications must be filed by the states by Aug. 15.
A total of $174.9 billion of the $787 billion in stimulus money had been made available by July 4, and $60.4 billion had been paid out, according to recovery.gov. As of that date DOE had made $7.15B available and paid out $243,000 for clean energy and efficiency.
(Sources: Climatewire, E&E News PM)
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