New report details $140 million recovery act energy investments in Vermont

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New report details $140 million recovery act energy investments in Vermont

Thu, 09/16/2010 - 5:16am -- tim

Senator Patrick Leahy (D), Senator Bernie Sanders (I), and Congressman Peter Welch (D) today announced a new report detailing the American Recovery and Reinvestment Act’s impact on Vermont’s clean energy economy.
The report, compiled by the Department of Energy, outlines the nearly $140 million worth of ARRA projects the state has benefited from, including local energy efficiency grants, statewide implementation of smart grid technologies and investments in energy-related businesses.
‘This report shows that the Recovery Act is creating jobs in Vermont, upgrading the state’s energy infrastructure and laying the groundwork for future economic development,’ Leahy, Sanders and Welch said.
Included in the report are the formula-based and competitive grants and tax credits Vermont institutions have received, including:
· $16.8 million in Weatherization Assistance Program funds to weatherize 1,600 homes for low-income families.
· $9.1 million to support the development of an electric battery production facilities at SBE, Inc. in Barre.
· $11.8 million in Energy Efficiency and Conservation Block Grant funds to implement local energy efficiency programs.
· $68.9 million in Smart Grid Investment Grant Program funds.
· $11.9 million in clean energy manufacturing tax credits for GE Aviation in Rutland

Notable Vermont Formula Grants

The Vermont Department of Public Service has been granted $22.0 million in State Energy Program funds to expand the size and scope of the Vermont Clean Energy Development Fund (CEDF).
The State of Vermont has been granted $16.8 million in Weatherization Assistance Program funds to scale-up existing weatherization efforts in the state, creating jobs, reducing carbon emissions, and saving money for Vermont's low-income families. Over the course of the Recovery Act, Vermont expects to weatherize more than 1,600 homes. The program also includes workforce training and education as part of the state's efforts to develop a green workforce.
Twenty-two communities in Vermont were granted a total of $11.8 million for Energy Efficiency and Conservation Block Grants (EECBG) to develop, promote, implement, and manage local energy efficiency programs.
The Vermont Department of Public Service has been granted $596,000 for the Energy Efficient Appliance Rebate Program, which offers consumer rebates for purchasing certain ENERGY STAR® appliances. These energy efficient appliances reduce energy use and save money for families, while helping the environment and supporting the local economy.

Notable Vermont competitive grants or tax credits
 

Vermont Transco LLC in Rutland has been awarded $68.9 million under the Smart Grid Investment Grant Program to expand the deployment of Vermont smart meters, implement customer systems, secure control systems for substations and generation facilities, and automate the electric distribution and transmission system grids.
GE Aviation in Rutland has been awarded a clean energy manufacturing tax credit for $11.9 million to purchase machinery and equipment that will be used to manufacture the new GEnx aircraft engine.
SBE, Inc. in Barre has been awarded $9.1 million to support the outfitting of a high-volume manufacturing facility to build DC Bus Capacitors for the electric drive vehicle industry.
The City of Montpelier has been awarded $8 million for the installation of a 41 MMBtu combined heat and power district energy system fueled with locally sourced, renewable, and sustainably-harvested wood chips.

Click here to read the full report.   
 
 
Source: Vermont congressional delegation. 9.16.2010