The Biden administration is making available $20 billion from a federal “green bank” for clean energy projects such as residential heat pumps, electric vehicle charging stations and community cooling centers
launched last month for residential and community solar projects in low-income communities. All three programs will be overseen by the green bank, with grant awards expected next year.
The $14 billion National Clean Investment Fund will provide grants to up to three national clean financing institutions, enabling them to partner with states and the private sector to provide affordable financing for tens of thousands of clean technology projects nationwide, the EPA said. Projects that could be funded include cooling centers in some urban areas suffering from extreme heat, as well as charging stations for electric vehicles, retrofitting buildings and installing efficient heating and air-conditioning systems, Regan said.
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