Biden Announces Retrofit Ramp-Up Initiative

WASHINGTON - Vice President Joe Biden kicked off five days of administration events around the 40th anniversary of Earth Day with the announcement of the selection of 25 communities for up to $452 million in Recovery Act funding to “ramp-up” energy efficiency building retrofits.

Under the U.S. Department of Energy’s (DOE’s) Retrofit Ramp-Up initiative, communities, governments, private sector companies, and nonprofit organizations are to work together on programs for concentrated and broad-based retrofits of neighborhoods and towns - and eventually entire states.

According to the federal government, these partnerships will support large-scale retrofits and make energy efficiency accessible to hundreds of thousands of homeowners and businesses. The program is expected to save households and businesses about $100 million annually in utility bills, while leveraging private sector resources, and produce an estimated 30,000 jobs across the country during the next three years.

“For 40 years, Earth Day has focused on transforming the way we use energy and reducing our dependence on fossil fuel - but this year, because of the historic clean energy investments in the Recovery Act, we’re poised to make greater strides than ever in building a nationwide clean energy economy,” said Biden. “This investment in some of the most innovative energy-efficiency projects across the country will not only help homeowners and businesses make cost-cutting retrofit improvements, but also create jobs right here in America.”

“This initiative will help overcome the barriers to making energy efficiency easy and accessible to all - inconvenience, lack of information, and lack of financing,” said Energy Secretary Steven Chu.

“Block by block, neighborhood by neighborhood, we will make our communities more energy efficient and help families save money.”

In addition to the $452 million Recovery Act investment, the 25 projects will leverage an estimated $2.8 billion from other sources over the next three years to retrofit homes and businesses across the United States.

Grantees will employ innovative financing models to make these retrofits accessible, for example by offering low and no-interest loans that are repaid through property tax and utility bills. In implementing these projects, grantees are to deliver verified energy savings and incorporate sustainable business models to ensure that buildings will continue to be retrofitted after Recovery Act funds are spent.

The DOE will use the lessons learned from these pilot programs to develop best-practice guides to retrofits that can be adopted and implemented by other communities.

The awards are the competitive portion of DOE’s Energy Efficiency and Conservation Block Grant (EECBG) Program, which was funded for the first time under the Recovery Act to help state and local communities make strategic investments to improve energy efficiency, reduce energy use, and cut fossil fuel emissions.

The Retrofit Ramp-Up projects are planned to begin in fall 2010.

Publication date: 05/31/2010

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.


NEWSMakers: Mark Crockett
Mark Crockett vice president, Crockett Facilities Services, explains the importance of technician training, the value of being a top minority-owned company in the U.S., current projects the company is managing, and much more. Posted on April 24.
More Podcasts


NEWS 04-27-15 cover

2015 April 27

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive


2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con