EPA's $20 Billion Clean-Energy Boost for Underserved Communities

EPA's $20 Billion Clean-Energy Boost for Underserved Communities
EPA's $20 Billion Clean-Energy Boost for Underserved Communities

The Environmental Protection Agency (EPA) awarded $20 billion to finance clean-energy projects across the country. The funding comes from the Greenhouse Gas Reduction Fund established by President Biden's Inflation Reduction Act.

The program aims to leverage public and private dollars to invest in clean-energy technologies, such as solar panels and heat pumps. It allows people to access low-interest loans for clean-energy projects that they might not otherwise receive.

Eight nonprofits have received funding, committing to leverage nearly $7 in private capital for every $1 of federal investment. They have also pledged to ensure that at least 70 percent of the funds benefit disadvantaged communities and that the financed projects will

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