The $787 billion economic stimulus package that President Obama signed last Tuesday included $78.6 billion for energy tax breaks, green infrastructure projects and other green energy initiatives — approximately 10% of the total bill. Specifically, the bill included $32.80 billion for cleaner energy, $26.86 billion for greater energy efficiency, and $18.95 billion for greener transportation.
Here are just a few of the breakdowns:
* $11 billion in spending and loan guarantees to build a "smart grid" to move renewable electricity supplies and build 3,000 miles (4,800 km) of transmission lines.
* $8.4 billion in public transit, saving 10.3 million barrels of oil and creating or preserving 252,000 jobs, with $1.5 billion set aside for expanding capacity and upgrades to existing transit systems.
* $8 billion for new high speed rail projects.
* $6 billion in loan guarantees for renewable energy projects and electricity transmission projects.
* $5 billion for the Weatherization Assistance Program for low income families.
* $4.5 billion in green building funding to improve energy efficiency of the federal government (estimate $2 billion a year in energy savings).
* $3.4 billion in funding for "fossil energy" research, like clean coal.
* $3.1 billion to help citizens and businesses save energy.
* $3.2 billion in block grants for local government energy efficiency and renewable energy projects.
* $2.5 billion for energy efficiency and renewable energy research.
* $300 million for federal fuel efficient vehicles.
TreeHugger puts it all in layman's terms in The Stimulus Bill Tax Credit Guide, so check that out as well.