A report on the Economic Impact of Recovery Act Investments in the Smart Grid is now available. This study 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 now for downloading.