Economic Impact of Recovery Act Investments in the Smart Grid Report (April 2013)
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The Economic Impact of Recovery Act Investments in the Smart Grid report analyzes the economy-wide impacts of the Recovery Act funding for smart grid project deployment in the United States, administered by Office of Electricity Delivery and Energy Reliability. Key findings include:
- ARRA funding and matching support from utilities and the private sector in the SGIG and SGDP programs generated a significant impact on the U.S. economy;
- Smart grid deployment had a positive impact on employment and labor income throughout the economy;
- Investment in core smart grid industries supports high-paying jobs; and
- The smart grid gross domestic product (GDP) multiplier is higher than many forms of government investment.
The report is available below for downloading.
For more information about how OE is using Recovery Act funds to modernize our nation’s energy and communication infrastructure and enhance energy independence, visit the Recovery Act page.