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You are at:Home » Biden announces $7 billion in federal funding for solar energy projects in celebration of Earth Day
Biden Announces $7 Billion In Federal Funding For Solar Energy
Science April 22, 2024

Biden announces $7 billion in federal funding for solar energy projects in celebration of Earth Day

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WASHINGTON — THE PRESIDENT Joe Biden marked Earth Day by announcing $7 billion in federal grants for residential solar power projects serving more than 900,000 households in low- and moderate-income areas. He also plans to expand the New Deal-style U.S. Climate Change Corps Green Jobs Training Program.

The grants were awarded by the Environmental Protection Agency, with 60 recipients announced on Monday. Government officials expect the projects to reduce emissions by the equivalent of 30 million tons of carbon dioxide and save households $350 million a year.

Biden’s climate announcement is aimed at energizing young voters in his re-election bid. Young people played a key role in defeating then-President Donald Trump in 2020. They have shown interest in Biden’s climate policy and are eager to contribute through programs like the Climate Change Corps.

Solar energy is gaining popularity as a renewable energy source that can reduce dependence on fossil fuels and improve the power grid’s reliability. However, the initial installation cost of solar energy remains a barrier for many Americans.

The grants include 49 state-level grants, six grants for Native American tribes, and five multi-state grants. They can be used for investments in rooftop solar power generation and community solar gardens.

Biden made the announcement at Prince William Forest Park in northern Virginia, about 30 miles southwest of Washington. The park was established in 1936 by President Franklin D. Roosevelt as part of his Civilian Conservation Corps during the Great Depression.

Biden’s American Climate Corps, modeled after President Roosevelt’s New Deal, offers about 2,000 positions in 36 states, including partnerships with the Building Trades Union of North America.

The grants are part of the Solar for All program, funded by a $27 billion “green bank” established as part of a broader climate law initiative. The program aims to reduce climate change, air pollution, and support disadvantaged communities most affected by climate change.

EPA Deputy Administrator Janet McCabe expressed excitement about the funds benefiting communities, providing skills, creating jobs, and helping households save on utility bills.

Among the businesses receiving grants are nonprofit projects in West Virginia, solar leasing programs in Mississippi, and solar worker training programs in South Carolina.

Concerns remain about Republican opposition to taxpayer-funded green banks and accountability for how the funds are used. The EPA previously allocated the remaining $20 billion in bank funds to support clean energy projects in various organizations and communities.

Source: www.nbcnews.com

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