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星期五, 2月 26, 2016

THE AMERICAN RECOVERY AND REINVESTMENT ACT

FACT SHEET: THE AMERICAN RECOVERY AND REINVESTMENT ACT

Driving the Deployment of Clean Energy, Promoting Energy Efficiency, and Supporting Manufacturing in Massachusetts

Through the American Recovery and Reinvestment Act (Recovery Act), President Obama made the largest single investment in clean energy in history, providing more than $90 billion in strategic clean energy investments and tax incentives to promote job creation and the deployment of low-carbon technologies, and leveraging approximately $150 billion in private and other non-federal capital for clean energy investments.In a new report released today, CEA estimates that the Recovery Act clean energy-related programs supported roughly 900,000 job-years in innovative clean energy fields from 2009 to 2015.

The funding reached nearly every aspect of the value chain for numerous key clean energy technologies, including advanced vehicles, batteries, carbon capture and sequestration, and technologies to enhance energy efficiency. These investments were a down payment toward an innovative sustainable 21st century clean economy and helped the country take a large step forward to reducing fossil fuel consumption and reducing carbon pollution across the country. In fact, the Department of Energy provided $718 million to the State of Massachusetts to promote clean energy and energy efficiency. 

Since 2008, the United States has more than doubled its use of renewable energy from wind, solar, and geothermal sources, including tripling wind energy generation and increasing solar generation by more than thirty times.  In Massachusetts, renewable energy generation from these sources has increased by 46 percent since 2008.  The Recovery Act’s 1603 program, which provides businesses a 30 percent tax credit to purchase clean energy technologies, has supported tens of thousands of renewable energy projects throughout the country, including 3,730 in Massachusetts, generating enough energy to power over 76,000 homes.


Using less energy to power our homes and businesses is critical to building a clean and secure energy future.  President Obama has made essential investments in research and development to advance energy efficiency, and set new standards to make the things we use every day more efficient.  Since October 2009, the Department of Energy and the Department of Housing and Urban Development have jointly completed energy upgrades for more than 1.5 million homes across the country, most of which were financed through the Recovery Act. One of these Recovery Act funded programs is DOE's Weatherization Assistance Program through which 21,125 homes were weatherized in Massachusetts. On average, these improvements are saving many families more than $400 a year on their heating and cooling bills. New Bedford created a permanent, post-Recovery, City Energy Office financed through energy savings. New Bedford Energy Now is a comprehensive energy program that enables residents and small businesses to reduce their energy consumption and costs. New Bedford developed a strategy to produce 25% of municipally consumed electricity from solar energy. New Bedford will have more than 16.25 megawatts of installed solar capacity -- capable of producing an estimated 20.7 million kilowatt hours of energy a year by end of 2014. The city’s solar arrays will supply approximately 52 percent of its municipally consumed electricity, saving New Bedford nearly $700,000 a year in electricity costs.