Biden Launches Plan To Bring Solar To Low-Income Homes

This plan might help towns that have long been cut out of the fast-growing market for renewable electricity to reduce their utility rates, and it was announced by the Biden administration on Wednesday to connect low-income citizens with solar power.

After attempts to enact hundreds of billions of dollars worth of renewable energy subsidies fell in the Senate, President Joe Biden has shifted his focus to unilateral initiatives to meet his lofty climate goals.

The concept would link low-income homes enrolled in a federal energy assistance program with community solar project developers that offer subscriptions to renewable power with the promise of reduced electricity bills.

According to the agency official, the Biden administration has lofty goals for the program anticipating that it might lead to the creation of 134 gigawatts of new solar power capacity across the country. To put it in perspective, the Energy Department reports that the current solar capacity in the United States is 97.2 gigawatts.

ReadΒ  More:

The Department of Energy (DOE) anticipated that participants in the initial pilot project states and the District of Columbia will save more than $1 billion on their annual energy expenditures as a result of this initiative.

Under anonymity, a government official said, “For many reasons, certain elements of our society are unable to engage in the benefits of solar energy and the possible savings that result from that.”

The announcement comes at a time when customers in the United States and throughout the world are grappling with soaring energy costs due in large part to skyrocketing prices of fossil fuels like natural gas, the major source of electricity in the country.

To reach Biden’s climate goals, including a net-zero power grid by 2035, an increase in community solar is likely necessary. Renters who are limited in their options for installing solar panels or those who lack the financial resources to do so will benefit from this.

Biden Launches Plan To Bring Solar To Low-Income Homes
Biden Launches Plan To Bring Solar To Low-Income Homes

A senior administration official told reporters on a conference call on Wednesday that the Department of Housing and Urban Development had made a “tweak” to recent guidance that would allow 4.5 million families in federal public housing, including Section 8 voucher holders, to take part in community solar.

Proponents of community solar argue that it increases access to renewable energy by giving more people a financial stake in the sector. Developers in other areas have been accused of scamming individuals, which has slowed down the process.

The Biden plan is an effort to make developers safer for consumers by having the government do what amounts to an evaluation. Low-income homeowners that participate in the Low-Energy-Utilities-Aid-Program will be able to browse and purchase their preferred renovations from a centralized.

A senior administration official told reporters on a conference call on Wednesday that the Department of Housing and Urban Development had made a “tweak” to recent guidance that would allow 4.5 million families in federal public housing, including Section 8 voucher holders, to take part in community solar.

Proponents of community solar argue that it increases access to renewable energy by giving more people a financial stake in the sector. Developers in other areas have been accused of scamming individuals, which has slowed down the process.

The Biden plan is an effort to make developers safer for consumers by having the government do what amounts to an evaluation. Those who qualify for the Low Income Home Energy Assistance Program can use a website to browse for and purchase the work they need to be done on their homes.

The government is currently soliciting feedback on the details of its Community Solar Subscription Program. The states of Colorado, Illinois, New Jersey, New Mexico, New York, and the District of Columbia are all on board.

According to the agency source, the states chosen by the Biden administration are those that have implemented rules ensuring that community solar programs lead to electricity savings for customers. By taking part in a community solar program, residents can save anywhere from 10 to 50 percent on their monthly electricity expenses.

The official remarked that this would remove the financial barrier to entry for low-income residents to take advantage of community solar.

“We’re trying to help with the matching, but we also want to make sure that people on low incomes are assured of savings,” the government representative explained.

Also, the Department of Energy (DOE) has unveiled a new $10 million workforce training initiative, funded by the bipartisan infrastructure package passed last year, to attract more union positions and employees from underrepresented groups to the solar business.

HUD also announced that it would launch a program to assist rural housing authorities in increasing their buildings’ energy efficiency and reinvesting the resulting savings towards bettering rural rental units sponsored by HUD.

Leave a Comment

Your email address will not be published.

Scroll to Top