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U.S. Secretary of Vitality Jennifer Granholm visits New Hampshire
On Monday, January 8, 2024, U.S. Secretary of Vitality Jennifer M. Granholm will journey to Nashua and Bedford, New Hampshire, and be part of the state’s total congressional delegation to spotlight how Bidenomics helps to decrease prices for American households, advance cutting-edge clear power applied sciences, and prepare the subsequent technology of unpolluted power staff.
Strengthening New Hampshire’s Economic system
ENERGY JOBS
In 2022, there have been already 30,200 New Hampshire staff employed within the power sector.
Statewide, over 50% of the electrical energy technology workforce was in wind, photo voltaic, and hydroelectric, and nearly 11,300 staff had been employed in power effectivity.
The Inflation Discount Act is increasing these alternatives, bringing an estimated $490 million of funding in large-scale clear energy technology and storage to New Hampshire between now and 2030.
SMALL BUSINESSES
New Hampshire is house to $490 million small companies, representing 98.9% of all companies and using 49% of all staff within the state, and the Inflation Discount Act will assist them get monetary savings. Business constructing homeowners can obtain a tax credit score as much as $5 per sq. foot to help power effectivity enhancements that ship decrease utility payments. Different packages that can profit small companies embrace tax credit overlaying 30% of the prices of putting in low-cost solar energy and of buying clear vehicles and vans for industrial fleets.
CLEAN ENERGY INVESTMENT
At the moment, New Hampshire has 220 MW of photo voltaic, wind, and storage capability, which powers the equal of 25,000 New Hampshire properties. That is along with 1.2 GW of nuclear capability.
The Inflation Discount Act tax credit that encourage funding in wind and photo voltaic will assist cut back power prices, as the prices of photo voltaic and wind energy are projected to drop by 23% and 35%, respectively, over the subsequent 30 years in New Hampshire.
Because the begin of the Biden Administration, the U.S. Division of Vitality has tracked greater than $150 billion in new non-public sector battery and electrical car provide chain funding bulletins, and greater than $5 billion in new non-public sector photo voltaic manufacturing funding bulletins, together with two new battery and electrical car amenities and a brand new photo voltaic manufacturing facility in New Hampshire.
CLEAN TRANSPORTATION
New Hampshire has over 10,900 EVs at the moment registered within the state.
Drivers switching to an electrical pickup truck might save over $1700 per yr in fueling and upkeep prices in comparison with a gasoline-powered truck. Drivers of smaller automobiles might save over $1200 per yr by switching to electrical. The Inflation Discount Act will make it simpler and cheaper to buy an electrical car, with upfront reductions for eligible patrons of as much as $7,500 for brand spanking new eligible EVs and as much as $4,000 for used EVs, serving to many People skip the fuel pump and save on gasoline prices.
New Hampshire has over 480 different fueling ports already. The state may also obtain over $3.7 million in federal funding to assist construct out extra EV charging stations.
Investing In New Hampshire
Due to funding from President Biden’s Investing in America Agenda, the U.S. Division of Vitality has made accessible greater than $103 million previously yr to New Hampshire’s state and native governments to put money into power effectivity and grid resilience. This contains funding to assist low-income households entry extra effectivity home equipment, and over $6 million to assist strengthen grid resilience.
Saving New Hampshirites Cash on Residence Vitality Payments
The U.S. Division of Vitality’s Weatherization Help Program and State Vitality Program have invested nearly $20 million in New Hampshire since 2015, resulting in a whole bunch of jobs and over 1,800 properties with lowered power prices and improved well being and security.
New Hampshire will obtain over $69 million to implement Residence Vitality Rebate packages within the state. Low-income households in New Hampshire might save a mean of 40% on their house power payments once they enhance power effectivity by way of funding like these packages.
The Inflation Discount Act additionally contains grants to assist state and native governments undertake the newest constructing power codes, which might save the common new house owner in New Hampshire 15.1% on their utility payments. That quantities to $537 per yr.
Prioritizing New Hampshire’s Underserved and Rural Communities
The Biden Administration has dedicated to advancing fairness for all communities, together with by way of the Justice40 Initiative, which goals to make sure Federal businesses ship at the least 40% of the general advantages of local weather, clear power, inexpensive and sustainable housing, clear water, and different investments to deprived communities. The U.S. Division of Vitality has greater than 140 packages coated by this initiative.
The New Hampshire Public Utilities Fee took half in a multistate initiative to develop photo voltaic in a approach that advantages the grid, with help from DOE’s Photo voltaic Vitality Innovation Community.
The NH Sustainable Vitality Affiliation, in Whitefield, NH, was chosen for the primary spherical of the Energizing Rural Communities Prize for his or her proposal to help rural communities within the design and implementation of battery storage methods for municipal buildings.
For present DOE funding alternatives, go to: www.power.gov/infrastructure
Information launch from U.S. DOE.
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