Biden Marks Earth Day by Announcing $7 Billion in Solar Power Grants

President Joe Biden travels to Triangle, Virginia, Monday to mark Earth Day, where he'll unveil $7 billion in grant funding for solar power under the Inflation Reduction Act and announce new steps to stand up his administration's American Climate Corps -- a program popular with youth climate groups. From a report: The announcements come days after the Biden administration made several significant conservation announcements, including barring oil drilling on nearly half of the national petroleum reserve in Alaska. Under the Environmental Protection Agency's Solar for All program, the administration will announce funding awards to states territories, tribal governments, municipalities and nonprofits "to develop long-lasting solar programs that are targeted towards the communities and people who need them most," EPA Deputy Administrator Janet McCabe told reporters. Per McCabe, the funding will enable nearly one million households in low-income and disadvantaged communities to benefit from solar power, saving more than $350 million in electric costs annually and more than $8 billion over the life of the program for overburdened households.

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