Oregon gets $20M for efficiency program
Studies show that investing in energy efficiency creates jobs.
The Clean Energy Works Program being tested in Portland received a $20 million federal grant on Wednesday to expand the program statewide.
The award amount is considerably less than the $75 million Oregon officials applied for in December.
Portland officials will hold a press conference Thursday to discuss details of the program.
The grant is part of a $452 million chunk of federal stimulus funding doled out to 25 communities around the country under what’s being called the Department of Energy’s Retrofit Ramp-Up initiative.
Collectively, the federal government estimates that $100 million in energy savings will be achieved through the program. It’s estimated it will create 30,000 jobs over the next three years.
The grants ranged in amount from $5 million to $40 million. Seattle received $20 million for a weatherization program.
In Portland, the Clean Energy Works program launched last year with a 500-home project to help homeowners with energy efficiency upgrades such as better insulation by providing low-cost financing options and working with Energy Trust of Oregon to develop a dedicated team of contractors to do the work.
The $20 million grant for Clean Energy Works will expand the program statewide with the help of a revolving loan fund and other financing options.
“With the federal government as a partner, Oregon will now be able to put people back to work making homes, schools and businesses across the state more efficient while saving taxpayers more of their hard-earned money,” said Sen. Ron Wyden, D-Ore.
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.