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Pennsylvania's
Historic Commitment to Alternative
Energy
Rising energy costs are taking a major
toll on hard-working individuals and
families everywhere. Gas prices are
currently at record highs and will
continue to climb. Meanwhile, we are
facing significant increases in our
electric bills when Pennsylvania lifts
the rate caps in 2010. We need to take
action now to ease these energy pains.
Pennsylvania is making an historic
commitment to easing the rising costs of
fuel and electric rates and finding
alternative energy sources. Our new
budget includes a $650 million energy
package called the Alternative Energy
Investment Act that will help us become
more energy sufficient. It focuses on
alternative energy and energy
conservation while investing in
cutting-edge technologies in emerging
industries.
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Pennsylvania will be
investing
$650 million
including |
180 million for solar energy
projects |
165 million to encourage
alternative energy projects |
25 million for green
buildings |
25 million for pollution
control technology
projects
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40 million to support
early stage business
activities
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25 million for wind and
geothermal projects
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40 million for emergency
energy assistance.
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150
million available over seven
years for weatherization of
homes and for tax credits to
businesses developing
alternative energy projects
in the commonwealth. |
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The package’s focus on cutting-edge
technologies in emerging industries like
solar, wind, geothermal — in combination
with investments in weatherization —
will help us better deal with
skyrocketing costs.
The package will encourage everyone to
become more energy efficient by
providing millions of dollars in grants,
loans, rebates and tax credits that
homeowners, small business owners and
operators of energy businesses may apply
for.
The Alternative Energy Investment Act
will have a tremendous positive
environmental and economical impact on
Pennsylvania.
We are giving individuals and businesses
opportunities to improve their energy
efficiency and reduce pollutants;
investing in emerging businesses that
produce and distribute clean energy
products; and helping hard-working
residents afford their utility bills. Specifically, investments in solar
panels, wind turbines, geothermal heat
and biodiesel production will clean our
environment and reduce our dependence on
foreign oil.
To help ease energy costs to consumers, the
Alternative Energy Investment Act has
allocated funding to help families and
business owners take steps to weatherize
their homes and businesses. These funds
will cover a portion of the cost of
weatherization as well as buying and
installing energy efficient products. By
encouraging families and businesses to
weatherize their homes and buildings for
the harsh winter weather, we can ensure
that utilities bills are more
manageable.
In addition to spurring weatherization
projects, the energy package will also
aid families who cannot afford the
inevitable high costs of utility bills
in the winter. The state’s Low-Income
Home Energy Assistance Program (LIHEAP)
already provides emergency grants to
homeowners who cannot pay their heating
bills. Now, the new energy package is
committed to assisting even more
homeowners who are struggling with high
energy bills.
Investing in clean energy industries
will also create 13,000 quality jobs and
make Pennsylvania a major national
supplier of alternative energy products
like electric cars, windmills and fuel
cells.
Meanwhile, homeowners, businesses and
motorists will benefit from state
support toward using alternative energy
products, thereby lowering their energy
costs.
It is clear that the cost of fuel will
continue to rise in the near future,
which will continue to affect every
aspect of our lives, from our vehicle
usage to our grocery and utility bills.
We are also facing dramatic increases in
our electric bills in the next few
years. This energy package is a step in
the right direction toward easing those
costs for everyone while making
Pennsylvania a cleaner and greener place
to live for ourselves and for
generations to come.
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