New Calculator Lays Out Job-Creation Benefits of Stimulus Projects

New Calculator Lays Out Job-Creation Benefits of Stimulus Projects

The American Council for an Energy-Efficient Economy today released a spreadsheet calculator that will estimate the number of jobs likely to be created by state or municipal energy efficiency projects that are funded by the federal government's American Recovery and Reinvestment Act (ARRA), commonly known as the stimulus program.

The ACEEE developed the calculator to help officials estimate the economic benefits that a proposed project will create. The tool can be used when states or municipalities are applying for energy efficiency conservation block grants, state energy programs, weatherization assistance, or any of the other stimulus-eligible projects.

"What we have here is a jobs calculator that a variety of parties can use to estimate the economic impacts on net job creation, including well-paying manufacturing and industrial jobs," stated Dr. Neal Elliott, Director of ACEEE's Industrial Program.

The ACEEE has developed a wide range of tools and resources aimed at harnessing the potential of the stimulus bill. The jobs calculator adds to this list by including inputs that are specifically designed to analyze stimulus spending, including variables for the level of energy savings, the amount borrowed, and the period over which investments can occur. These variables make for a high level of realism in projections as well as building in flexibility sufficient to be applied to a wide variety of projects.

The calculator, as well as a user's guide and the rest of ACEEE's stimulus resources, is available online at http://www.aceee.org/energy/national/recovery.htm.