AUGUSTA — Maine has received a $30 million federal stimulus grant to fund energy efficiency upgrades in the state.

Gov. John Baldacci said today that the money will establish a revolving loan fund to make buildings more energy efficient. Money will be accessible to residents in towns that meet certain clean energy guidelines set by the state. Baldacci says the grant will create jobs and reduce energy consumption.

State officials had hoped to recieve $75 million from this grant. In a release, the governor’s office said Maine’s award was second highest in the nation, topped only by the $40 million awarded to New York.

Maine’s grant is part of $452 million in federal Recovery Act funding for retrofits.