Friday, September 25, 2009
Some Renewable Energy Projects Funded, finally!
The U.S. government has awarded $550 million in grants for renewable energy projects, which will double the amount of stimulus money heading toward green energy over the next few years. The move signals an encouraging commitment to a clean energy future, which will help to combat climate change and create greatly needed green jobs.
The grants will be given in cash to companies, instead of tax credits in order to provide an reimbursement to solar, wind, biomass and other renewable energy production facilities.
Projects already underway include the Wayne National Forest installation, which was given $400,000 to add 250 additional solar panels to a facility that already had 50 previously installed. The Solar Expansion Project is funded by the American Recovery and Reinvestment Act (ARRA) of 2009.