Saturday, October 9, 2010

How the Recovery Act is improving efficiency and boosting clean energy in Colorado

It really is hard to overstate the effects of the American Recovery and Reinvestment Act of 2009. Not only did the Recovery Act pull the nation back from a potential economic depression, in the broader sense it is "changing America," as Time magazine demonstrated in a report a while back.

Aside from all those tax cuts and credits, the help paying for improved child-care assistance and piles of other provisions, the Recovery Act is also boosting the nation's move toward energency efficiency and better clean energy infrastructure. For details, check this fascinating "Colorado Recovery Act Snapshot" from the U.S. Department of Energy. Just the top-line figures are pretty impressive:
  • Funding for selected DOE projects: $585.62 million
  • DOE Recovery Act projects in Colorado: 115
  • Clean energy tax credits and grants: 62
  • Total Recovery Act funding for DOE projects and clean energy tax programs (as of June 1): $768.20 million

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