U.S. government to provide $ 7 billion for solar installations in »disadvantaged communities«
Post date: 16/02/2023 - 13:19
The United States Environmental Protection Agency (EPA) has announced the outlines of a $ 27 billion Greenhouse Gas Reduction Fund (GGRF) to support private investment. The fund is part of the Inflation Reduction Act (IRA) and is intended to leverage a multiple of private capital, with a focus on middle- and low-income people and »disadvantaged communities.«
GGRF funds are to be allocated to state, city, and local government programs and agencies, as well as non-governmental organizations. $ 20 billion is earmarked in the »General and Low-Income Assistance Competition« for projects with a climate change impact, while $ 7 billion in the »Zero-Emissions Technology Fund Competition« is earmarked for »financial and technical assistance to enable low-income and disadvantaged communities to deploy or benefit from zero-emission technologies«. Priority is given to »projects that deploy residential and community solar, associated storage technologies, and related upgrades«.