Pennsylvania’s Energy Independence: Protecting Consumers, Growing the Economy, Strengthening National Security
January 14, 2009
Harrisburg, PA — 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.