Clean Energy NH has combed through the recently released press release on "The American Jobs Plan". This plan is President Biden's initiative to revitalize the American economy by investing in its people. “The American Jobs Plan will invest in America in a way we have not invested since we built the interstate highways and won the Space Race.” This includes the biggest investment in clean energy from the government that the U.S. has ever seen.
With our infrastructure in a dire state, after years of neglect, this is the perfect time to invest in the future. Clean Energy NH presents this overview of clean energy highlights from the recently released plan:
The Plan will –
Deliver... a renewed electric grid, and high-speed broadband to all Americans.
Put hundreds of thousands of people to work building new transmission lines, capping old oil and gas wells....
Modernize the countries’ buildings, from homes and commercial buildings, to schools and hospitals.
The President’s plan invests an additional $621 billion in transportation infrastructure and resilience, including:
Repairing roads and bridges while funding improvements to air quality, limiting greenhouse gas emissions, and reducing congestion.
$85 Billion to modernize existing transit
$80 billion to address Amtrak’s repair backlog; modernize the high traffic Northeast Corridor; improve existing corridors and connect new city pairs; and enhance grant and loan programs that support passenger and freight rail safety, efficiency, and electrification.
$174 billion investment to win the electric vehicle (EV) market, including:
Consumer point of sale rebates and tax incentives to buy American-made EVs, while ensuring that these vehicles are affordable for all families and manufactured by workers with good jobs
replace 50,000 diesel transit vehicles and electrify at least 20 percent of our yellow school bus fleet
utilize the vast tools of federal procurement to electrify the federal fleet, including the United States Postal Service.
The Plan will also invest $100 Billion to re-energize America's power infrastructure through:
Building a more resilient electric transmission system
A targeted investment tax credit that incentivizes the buildout of at least 20 gigawatts of high-voltage capacity power lines and mobilizes tens of billions in private capital off the sidelines – right away.
Establishing a new Grid Deployment Authority at the Department of Energy that allows for better leverage of existing rights-of-way – along roads and railways – and supports creative financing tools to spur additional high priority, high- voltage transmission lines.
A ten-year extension and phase down of an expanded direct-pay investment tax credit and production tax credit for clean energy generation and storage.
Establishing an Energy Efficiency and Clean Electricity Standard (EECES)
President Biden’s plan reforms and expands the bipartisan Section 45Q tax credit, making it direct pay and easier to use for hard-to-decarbonize industrial applications, direct air capture, and retrofits of existing power plants.
Building, Preserving and Retrofiting more than 2 Million Homes and Commercial Buildings
The Plan will upgrade homes through block grant programs, the Weatherization Assistance Program, and by extending and expanding home and commercial efficiency tax credits. President Biden’s plan also will establish a $27 billion Clean Energy and Sustainability Accelerator to mobilize private investment into distributed energy resources; retrofits of residential, commercial and municipal buildings; and clean transportation.
A $180 Billion investment will invest in research & development and technologies of the future including:
Investing $35 billion in the full range of solutions needed to achieve technology breakthroughs that address the climate crisis and position America as the global leader in clean energy technology and clean energy jobs.
$5 billion increase in funding for other climate- focused research,
$15 billion in demonstration projects for climate R&D priorities, including utility-scale energy storage, carbon capture and storage, hydrogen, advanced nuclear, rare earth element separations, floating offshore wind, biofuel/bioproducts, quantum computing, and electric vehicles, as well as strengthening U.S. technological leadership in these areas in global markets.
Jumpstarting clean energy manufacturing through federal procurement
The Full release can be found at Whitehouse.gov