Gov. Ritter applauds $4.9M ARRA grant for Western Slope
Gov. Bill Ritter on June 11, 2010 praised a $4.9 million grant from the American Recovery and Reinvestment Act for energy efficiency improvements in Eagle, Pitkin and Gunnison counties. The Western Slope project was one of 20 local community initiatives awarded funds today by the U.S. Department of Energy.
“Colorado communities are making great strides to reduce energy consumption through partnerships and innovative financing solutions,” Gov. Ritter said. “The Recovery Act is helping towns and cities across Colorado advance their energy goals and create jobs and a better future for generations to come.”
The new grant is part of the U.S. Department of Energy’s Energy Efficiency and Conservation Block Grant program, through which millions of dollars have already been awarded to larger communities in Colorado. The $60 million awarded today across the country were for local governments, nonprofit organizations and quasi-governmental organizations that were not eligible for previously awarded block grants.
The $4.9 million grant to Eagle, Pitkin and Gunnison counties was one of the largest of the 20 awarded across the country. The three counties will use the Recovery Act funds for residential and commercial energy efficiency retrofits using a financing system - approved by local voters in 2009 - known as the Property Assessed Clean Energy (PACE) program.
Colorado expects to receive at least $7.1 billion in Recovery Act funds over the life of the Act. More information is available at www.colorado.gov/recovery.