TL/DR –
U.S. Secretary of Energy Jennifer Granholm is scheduled to visit New Hampshire in 2024, to emphasize how the Bidenomics is benefiting American households, endorsing advanced clean energy technologies, and educating the future generation of clean energy workers. The state already has 30,200 workers employed in the energy sector, with over 50% of the workforce in wind, solar, and hydroelectric power, and the Inflation Reduction Act is expected to bring a $490 million investment in large-scale clean power generation and storage to New Hampshire by 2030. The state is home to $490 million small businesses, and the Inflation Reduction Act, which provides tax credits for energy efficiency improvements, solar power installation, and clean commercial vehicles, aims to help them save money.
Energy Secretary Jennifer Granholm’s Visit to New Hampshire
Impacts of Bidenomics
U.S. Secretary of Energy Jennifer M. Granholm will be in Nashua and Bedford, New Hampshire on January 8, 2024. She is set to demonstrate how Bidenomics is reducing costs for American households, fostering development of innovative clean energy technologies, and training the future generation of clean energy workers.
Pivotal Role of Energy Jobs in New Hampshire’s Economy
In 2022, New Hampshire boasted 30,200 energy sector workers, with over 50% involved in wind, solar, and hydroelectric power generation. The state also had nearly 11,300 energy efficiency workers. The Inflation Reduction Act is anticipated to expand these opportunities, injecting an estimated $490 million into large-scale clean power generation and storage in New Hampshire by 2030.
Supporting Small Businesses with Inflation Reduction Act
New Hampshire is home to $490 million small businesses, employing 49% of all workers in the state. The Inflation Reduction Act will support these businesses with tax credits for energy efficiency improvements and solar power installation.
Clean Energy Investment in New Hampshire
New Hampshire currently has 220 MW of solar, wind, and storage capacity. The Inflation Reduction Act’s tax credits are expected to reduce energy costs as wind and solar power costs are projected to decrease by 23% and 35% respectively over the next three decades in New Hampshire.
Benefits of Clean Transportation
With over 10,900 electric vehicles (EVs) registered in the state, New Hampshire drivers can save over $1700 per year by switching to an electric pickup truck. The state also plans to utilize over $3.7 million in federal funding to develop more EV charging stations.
Investments in New Hampshire
The U.S. Department of Energy has allocated more than $103 million in the past year to New Hampshire’s state and local governments for energy efficiency and grid resilience investments, courtesy of President Biden’s Investing in America Agenda.
Saving Money on Home Energy Bills for New Hampshirites
With $20 million invested in New Hampshire since 2015, the U.S. Department of Energy’s Weatherization Assistance Program and State Energy Program have helped reduce energy costs for over 1,800 homes.
Empowering Underserved and Rural Communities in New Hampshire
The Biden Administration’s Justice40 Initiative aims to ensure Federal agencies deliver at least 40% of the overall benefits of clean energy, affordable and sustainable housing, clean water, and other investments to disadvantaged communities. Visit www.energy.gov/infrastructure for information on current DOE funding opportunities.
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