israel American Recovery and Reinvestment Act Funds California Solar

The California Recovery Task Force announced todaythat $110 million of American Recovery and Reinvestment Act (ARRA)funds will go towards energy efficiency and solar within the state.

Themoney travels quite a path from the federal DOE to the State EnergyProgram to the SEP’s Energy Efficiency Building Retrofit and MunicipalFinancing Programs. These funds will support 1,100 new jobs in additionto reducing business and consumer energy costs. Don’t let the colddollar amount fool you:

For every one dollar in Recovery Act funds invested,California will have successfully leveraged $3 of state, utility orprivate funds – bringing in more than $300 million in public andprivate funding and utility rebates.

Funds are being directed to California “local jurisdictions,non-profits and private organizations”. More details of funddisbursement are available in the Governor’s press release.

ARRA Funds California Solar, Energy Efficiency Projects