Wednesday September 9, 2009
The U.S. Department of Energy today awarded $7 million in federal stimulus funding to the Louisville Metro Government for numerous energy efficiency improvements across the city.
The money will be used, among other things, to install new energy-efficient street lights, synchronize stop lights along major suburban roads and to retrofit government buildings so they use less energy.
“These projects, though they are only one-time dollars, will have a lasting impact on our city,” Mayor Jerry Abramson said. “They’ll improve traffic in the suburbs and will help reduce energy bills at government buildings and at private companies.”
Congressman Yarmuth said the American Recovery and Reinvestment Act already has paid dividends for the country.
“The act has already helped create jobs at Louisville’s Appliance Park, boosted home sales with the first-time homebuyer credit, and funded the construction of an environmentally-friendly new TARC facility,” Yarmuth said. “Now, Recovery Act funding will help our community save money by investing in energy efficiency measures that will cut costs well into the future.”
Louisville’s plan for its $7 million in funding includes:
· $1.1 million to install energy-efficient lights around the arena project and in suburban areas where no electrical infrastructure exists;
· $1.4 million to add green roofs, solar panels and efficient lighting to city government buildings;
· $1.4 million for a revolving loan fund to help businesses improve their energy efficiency. Companies and small-businesses can apply for the loans through the city’s Economic Development Department;
· $1.4 million to create a loan program at the Louisville Community Development Bank so non-profit organizations can make energy-efficient improvements to their buildings; an additional $200,000 will establish a fund for non-profit companies to conduct energy audits.
· $1.5 million to synchronize traffic lights on major suburban corridors in Louisville, including Dixie Highway and Shelbyville Road.
The Department of Energy is awarding $3.2 billion nationwide —$2.7 billion of which will be handed out through formula grants to more than 2,300 cities, counties, states, and Indian tribes nationwide.
The Energy Efficiency and Conservation Block Grant Program is funded by the stimulus act, passed earlier this year in Congress.
In addition, more than $400 million will be delivered through competitive grants.