Biden's Inflation Act Boosts $1B in Clean Energy for Farms
Editorial StaffThe Facts -
- USDA is investing $256 million in over 1,100 clean energy projects in 40 states.
- REAP aims to help farms and businesses lower costs, create jobs, and use clean energy.
- Most projects are funded by the Inflation Reduction Act, fostering climate solutions.
Clean Energy Projects to Boost Jobs and Lower Costs Across 40 States
USDA Announces Major Investments
WASHINGTON, Nov. 14, 2024 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack revealed a substantial investment aimed at expanding clean energy access and reducing costs for farmers and small businesses. This initiative, part of the Rural Energy for America Program (REAP), is driven by historic funding from the Inflation Reduction Act.
“The Biden-Harris Administration and USDA are providing crucial resources for the future,” Vilsack stated. “These clean energy investments will empower rural areas with jobs and lower costs, helping working people nationwide.”
Significant Financial Commitment
USDA's new funding exceeds $256 million, supporting over 1,100 clean energy projects in 40 states. This marks a continuation of a comprehensive effort to address the climate crisis, with most funding stemming from the Inflation Reduction Act.
REAP's Impact So Far
Under the Biden-Harris Administration, REAP has already facilitated $2.7 billion in renewable energy projects. The program enables agricultural producers and rural businesses to adopt wind, solar, and other clean energies, enhancing incomes and reducing energy costs.
Highlighted Projects
- IPR Fresh in Arizona will receive a $350,000 grant to install solar panels, potentially saving $67,000 annually on electricity.
- Agriventures LLC in Georgia is replacing irrigation systems with a $111,000 grant, saving $2,000 yearly.
- Hydro Technology Systems in Washington is installing a hydropower turbine with a $172,000 grant, powering 760 homes.
- Tinedale Project LLC in Wisconsin is developing a manure anaerobic digester with a $22 million loan, creating renewable energy and three jobs.
Widespread Benefits
The funding will impact states including Alabama, Arizona, and Wisconsin, enhancing economic opportunities and job creation in rural areas. These efforts are part of the President’s Justice40 Initiative, ensuring 40% of federal benefits reach disadvantaged communities.
USDA Rural Development supports infrastructure, business development, and community facilities in underprivileged areas. For more information, visit the Rural Data Gateway or the GovDelivery Subscriber Page for updates.
For more about USDA's initiatives, visit www.usda.gov.
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USDA is an equal opportunity provider, employer, and lender.
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