Indianapolis and Lafayette will share in $10 million in federal stimulus money aimed at “ramping up” energy efficiency building retrofits.
Overall, 25 communities nationwide will receive up to $452 million in Recovery Act funding. Indiana has been selected to receive $10 million under the Department of Energy’s Retrofit Ramp-Up initiative. These projects will bring together communities, governments, private sector companies and non-profit organizations to implement pioneering and innovative programs for concentrated and broad-based retrofits of neighborhoods and towns – and eventually entire states. These partnerships will support large-scale retrofits and make energy efficiency accessible to hundreds of thousands of homeowners and businesses. The models created through this program are expected to save households and businesses about a $100 million annually in utility bills, while leveraging private sector resources to create what funding recipients estimate at about 30,000 jobs across the country during the next three years.
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