U.S. Government Launches $7 Billion Universal Photovoltaic Program
May 06, 2024
According to foreign media reports, the U.S. Environmental Protection Agency (EPA) has announced the selection of a grant program of up to $ 7 billion, this is called the "universal photovoltaic program" is designed to promote the installation of photovoltaic systems in the United States of America's low-income and disadvantaged communities. As part of the U.S. government's "Invest in America" agenda, it will be funded by the Inflation Reduction Act, which is part of a $27 billion greenhouse gas reduction fund.
A total of 60 selected states, territories, tribes, municipalities and non-profit organizations will benefit from the PV for All program. The initiative is designed to fund the development of sustainable residential photovoltaic projects nationwide, with the goal of installing residential photovoltaic systems in more than 900,000 homes. The overall goal is to reduce energy costs, create quality jobs in underserved areas, and promote environmental justice while addressing the urgent issue of climate change.
Michael S. Regan, Administrator of the U.S. Environmental Protection Agency, emphasized the U.S. government's commitment to ensuring that no community is left behind, and the investment is expected to create hundreds of thousands of jobs and save homeowners an estimated $8 billion on their electricity bills. In addition, these PV projects are expected to improve air quality and contribute significantly to the fight against climate change.
This view was echoed by John Podesta, Senior Advisor for International Climate Policy in the US Government, who emphasized that PV is the most cost-effective form of electricity available today. He noted that PV for All grants extend the economic benefits of photovoltaics to economically disadvantaged groups, which have historically been marginalized in terms of energy efficiency.
In addition, Adrianne Todman, Acting Secretary of the U.S. Department of Housing and Urban Development (HUD), noted that the grants will improve the energy efficiency and climate resilience of affordable housing across the United States. The initiative aims to lower monthly utility bills and reduce air pollution, thereby creating healthier neighborhoods.
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