Biden Reveals New Solar Energy Funding In Earth Day Message

Grant recipients include 60 state and local agencies as well as non-profits with programs, to help residents in poor communities go solar and save on their power bills.

Monday is Earth Day and President Biden is expected to announce new solar energy funding.

The president is set to announce $7 billion in grants for residential solar projects that will power nearly a million low-income households.

The funding through the Environmental Protection Agency’s “Solar for All” grant competition. The grant was included in Biden’s climate change law the ‘Inflation Reduction Act.’

Grant recipients include 60 state and local agencies as well as non-profits with programs, to help residents in poor communities go solar and save on their power bills.

The new funding is expected to create 200,000 jobs and save households in the program around $400 a year.

The program is aligned with President Biden’s goal to direct 40% of federal clean energy investment benefits to disadvantaged communities.