It also creates a new Clean Energy and Sustainability Accelerator that will seed state and local clean energy financing institutions, support the deployment of distributed zero-emission technologies like heat-pumps and community solar and EV charging, while prioritizing over 50% of its investments in disadvantaged communities. Creating Economic Opportunities and Good Paying Jobs. The IRA spurs solar project development in environmental justice communities by providing a 20% bonus credit for solar projects on federally-subsidized affordable housing projects and a 10% bonus credit for solar projects in low-income communities.Families in affordable housing units will benefit from resources to support projects that boost efficiency, improve indoor air quality, make clean energy or electrification upgrades, or strengthen their climate resilience. When families need to replace or upgrade stoves, ovens, or other home appliances, they can receive direct rebates when buying more energy efficient and electric appliances that can lower future utility bills by at least $350 per year. Households can also save up to 30% with tax credits for home construction projects on windows, doors, insulation, or other weatherization measures that prevent energy from escaping homes. Making Home Efficiency Upgrades More Affordable. Households can save up to 30% with tax credits for efficient heating and cooling equipment that will save them hundreds of dollars on utility bills.It’s also the most aggressive action we have taken to confront the climate crisis. No one earning under $400,000 per year will pay a penny more in taxes. The IRA will also lower the deficit and ask the ultra-wealthy and corporations to pay their fair share. President Biden and Congressional Democrats successfully fought to pass this historic legislation to help all Americans, including African Americans, who have been at the frontline of climate change, by lowering costs, advancing environmental justice while building a cleaner future, and growing the economy from the bottom up and the middle out by creating good-paying, union jobs across the country. Lowering Energy Costs and Creating Economic Opportunities Through the Inflation Reduction Act. By signing the Inflation Reduction Act, President Biden is delivering on his promise to build an economy that works for working families, including Black families.The Biden-Harris Administration’s vital policies and programs include: The President’s economic agenda has led to historically low unemployment, including among Black Americans. From increasing access to homeownership and rooting our discrimination in the housing market to promoting entrepreneurship, from reducing child poverty to historic lows to expanding access to quality affordable healthcare, from advancing voting rights and police accountability to ensuring equal access to a good education, the Biden-Harris Administration is ensuring that all African American families and communities can live with dignity, safety, and respect and enjoy true equal opportunity.Įconomic Opportunity for Black Families and Communities. By signing into law the historic American Rescue Plan (ARP), Bipartisan Infrastructure Law, and Inflation Reduction Act (IRA), and implementing robust regulatory reform, President Biden has led the most equitable economic recovery on record, creating more than 12 million jobs since coming to office and helping create new economic opportunities for African Americans, including Black-owned businesses, and made long overdue investments in Black communities. Over the past two years, President Biden has worked to advance racial equity and ensure the promise of America for Black Americans and all communities across the country. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |