The American Recovery and Reinvestment Act, a $787 billion federal stimulus package, provides a total of $30 billion for such initiatives as a new, smart power grid, advanced battery technology, and energy efficiency measures, which will create nearly 500,000 jobs across the country.
The state of Kansas has assembled an advisory group of state leaders and legislators working to ensure that Kansas maximized the opportunities in the stimulus bill. For updates on how the money Kansas receives will be utilized, bookmark www.governor.ks.gov/recovery.
The legislation also provides tax incentives to spur energy savings and green jobs, including a $20 billion in tax incentives for renewable energy and energy efficiency over the next 10 years, a three-year extension of the production tax credit (PTC) for electricity deprived from wind (through 2012) and for electricity derived from biomass, geothermal, hydropower, landfill gas, waste-to-energy, and marine facilities (through 2013).
$5 billion has been provided to improve the energy efficiency of more than 1 million modest-income homes through weatherization across the country. This will save modest-income families on average $350 per year on the their heating and air conditioning bills. The bill also provides funding for increasing energy efficiency in federally-supported housing programs. |