Schools slash heating bills with stimulus project

By Blake Davis

Published April 20, 2014 4:36pm ET

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Schools slash heating bills with stimulus project — In this April 15, 2014 photo, Jeff Woodbury, assistant school facilities director checks, on a wood heat furnace used by schools in Falmouth, Maine. The furnace was partially funded from a grant of federal stimulus dollars to the Maine Forest Service. The grant program helped 24 facilities slash costs for the heating season ending in 2013 by replacing nearly 900,000 gallons of heating oil with locally produced wood chips and pellets. (AP Photo/Blake Davis) | Blake Davis

PORTLAND, Maine (AP) — Years after federal stimulus dollars funded a Maine Forest Service Project to heat with local wood products, schools and other facilities report they have slashed energy bills in half while supporting jobs in the state’s struggling timber industry.

However, some project managers say because they had to borrow money to participate, the effort left them with hefty repayment plans that make their net savings far less than they appear.

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Budgets and Deficits