Department of Energy to allocate $4 billion for energy efficiency

The federal government will soon be opening up a massive amount of federal loans for projects that intend to reduce the amount of greenhouse gases that are released into the atmosphere. The U.S. Department of Energy (DOE) issued its draft request for applications of renewable energy and energy-efficient projects at the beginning of this week.

This move is in line with President Barack Obama's overall climate agenda. The president has stated countless times that one of the major goals of his second term in office is to get the country on track to improve its energy consumption both in the immediate future and over the long term. The DOE is helping this process by funding state projects.

The amount of money that will be available for these nationwide projects totals $4 billion in federal funds. The DOE is looking for projects that will help advance the integration of electricity grids with various renewable resources, as well as projects that create biofuels to turn waste into major sources of energy.

The last time the DOE opened up federal money for applications for similar projects was in 2011. The announcement made by the department on Tuesday has officially started a one-month period during which members of the public will be able to meet with DOE employees to pitch their projects. The ones chosen for funding will be notified sometime in the summer.

If you are interested in reducing the overall energy consumption of your home, schedule an energy audit today with Alban Inspections. Our team of DC home inspectors will be able to pinpoint the areas in your house where you are spending unnecessary power and money.