Billions in Federal Grants for
CLEAN ENERGY
he U . S . Environmental Protection
T Agency announced its selections for $ 20 billion in grant awards under two competitions within the $ 27 billion Greenhouse Gas Reduction Fund ( GGRF ), which was created under the Inflation Reduction Act as part of President Biden ’ s Investing in America agenda . The three selections under the $ 14 billion National Clean Investment Fund and five selections under the $ 6 billion Clean Communities Investment Accelerator will create a national clean financing network for clean energy and climate solutions across sectors , ensuring communities have access to the capital they need to participate in and benefit from a cleaner , more sustainable economy . By financing tens of thousands of projects , this national clean financing network will mobilize private capital to reduce climate and air pollution while also reducing energy costs , improving public health , and creating good-paying clean energy jobs in communities across the country , especially in low-income and disadvantaged communities .
Vice President Kamala Harris and EPA Administrator Michael S . Regan will announce the selections under these two grant competitions in Charlotte , North Carolina . While in Charlotte , the Vice President and Administrator will meet with a homeowner in a historically Black community , where a local nonprofit , Self- Help , worked with community partners to finance , renovate , and construct energyefficient , affordable homes for low- and moderate-income families . Thanks to that partnership , this first-time homeowner pays significantly lower energy bills and has a healthy and comfortable place to raise his family . The selections the Vice President is announcing will ensure more families can experience those same benefits . In fact , one of the selections being announced today will allow Self-Help and its partners as part of the Climate United Fund ’ s application to deliver similar home efficiency projects to over 30,000 homes across the country .
Collectively , the selected applicants have committed to driving significant impact toward the program ’ s objectives . They will reduce or avoid up to 40 million metric tons of climate pollution per year , making a significant contribution to the Biden- Harris Administration ’ s climate goals . They will mobilize almost $ 7 of private capital for every $ 1 of federal funds , ensuring that each public dollar is leveraged for significant private-sector investment . And they will dedicate over $ 14 billion of capital — over 70 % of the selections for awards announced today — toward low-income and disadvantaged communities , making the Greenhouse Gas Reduction Fund the single largest non-tax investment within the Inflation Reduction Act to build a
Booth # 100 clean energy economy while benefiting communities historically left behind .
To date , the eight selected applicants have supported thousands of individuals , businesses , and community organizations to access capital for climate and clean energy projects . With their awards , selectees will unleash tens of thousands of more projects like these across the country for decades to come : 1 . When her water heater died , Mildred Carter in DeSoto , Georgia could not immediately afford to replace it . With the support of Power Forward Communities coalition member Rewiring America , Mildred was enrolled in a whole-town demonstration program that would combine Georgia Power incentives of up to $ 5,000 with philan-
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