$22.1 Million In Funding Available For Renewable Energy Projects In WI

By KBJR News 1

$22.1 Million In Funding Available For Renewable Energy Projects In WI

August 4, 2010 Updated Aug 4, 2010 at 3:16 PM CDT

More than $22.1 million in funding from the American Recovery and Reinvestment Act to support energy efficiency and renewable energy projects is now available in Wisconsin.

The funds are accessible to the state under the DOE’s State Energy Program because Wisconsin officials proposed a statewide plan which prioritizes energy savings, creates or retains jobs, increases the use of renewable energy, and reduces greenhouse gas emissions.

A total of more than $54 million for State Energy Programs in the following four states and territories: Nevada, Rhode Island, Vermont, and Wisconsin was given out Monday.

These states are receiving 40 percent of their total State Energy Program funding authorized under the Recovery Act.

With Monday's announcement, Wisconsin will now have received 50 percent of its total Recovery Act SEP funding.

The initial 10 percent of total funding was previously available to support planning activities; the remaining 50 percent of funds will be released once the state meets reporting, oversight, and accountability milestones required by the Recovery Act.

After demonstrating successful implementation of its plan, Wisconsin will receive nearly $28 million in additional funding, for a total of over $55 million.

The state will use those funds to strengthen its manufacturing sector by investing in businesses that manufacture clean energy products and components, such as wind, solar, bio-fuels and advanced electrical storage systems.

Activities eligible for State Energy Program funding include energy audits, building retrofits, education and training efforts, transportation programs to increase the use of alternative fuels and hybrid vehicles, and new financing mechanisms to promote energy efficiency and renewable energy investments.