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Pennsylvania’s Energy Independence

Posted on | February 3, 2009 | Comments Off

by DEP

Citing the urgent need to cut energy costs, move toward energy independence and stimulate the economy, Pennsylvania is investing $665.9 million to push PA into the top tier of states taking steps to cut consumer energy costs, and significantly expand the alternative fuel, clean energy and conservation sectors. The plan is estimated to cut PA’s energy bills by $10 billion over the next 10 years.

At a time when consumers are struggling to manage volatile energy costs and America’s national security is jeopardized by its continuing dependence on foreign oil, Pennsylvania is investing $665.9 million to spur the development of alternative and renewable energy sources and help families and small business conserve energy and use it more efficiently.

The $650 million Alternative Energy Investment Fund and the nearly $16 million Alternative Fuels Investment Fund include $237.5 million specifically targeted toward helping consumers conserve electricity and manage higher energy prices, and $428.4 million to spur the development of alternative energy resources and create good-paying, skilled jobs for Pennsylvania’s hard-working men and women.

The package includes incentives to help households and small businesses take advantage of solar energy technology – a key resource for reducing electricity demand during times of peak demand when rates are most expensive – and make improvements to their homes or buildings that conserve energy.

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