Impact of America’s Investment Agenda on Wisconsin Energy Facts
TL/DR –
U.S. Secretary of Energy Jennifer Granholm and Acting Labor Secretary Julie Su will visit Wauwatosa, Wisconsin to showcase the progress of the Biden-Harris Administration’s efforts to build a strong, Made-in-America electric vehicle charging network. Wisconsin, which had approximately 142,426 workers employed in the energy sector in 2022, is expected to see an estimated $4 billion of investment in large-scale clean power generation and storage by 2030, according to the Inflation Reduction Act. The state, which aims to achieve 100% carbon-free electricity by 2050, will also receive nearly $17 million in federal funding to build more EV charging stations, while eligible buyers can avail of upfront discounts of up to $7,500 for new EVs and up to $4,000 for used EVs.
Energy Secretary Jennifer Granholm Highlights Wisconsin’s Clean Energy Progress
US Secretary of Energy Jennifer Granholm and Acting Labor Secretary Julie Su visit Wauwatosa, Wisconsin on January 19, 2024. The focus is on the Biden-Harris Administration’s efforts in establishing a robust, Made-in-America electric vehicle charging network nationwide and highlighting the unprecedented progress in EV sales and charging.
Wisconsin’s Economy Boosted by Energy Jobs
In 2022, 142,426 Wisconsin workers were employed in the energy sector with 55% of the workforce in wind and solar. The state also expects an estimated $4 billion investment in clean power generation and storage by 2030 due to the Inflation Reduction Act.
Boost for Small Businesses
Wisconsin’s 457,700 small businesses, representing 99.4% of all state businesses, will benefit from the Inflation Reduction Act. This allows for tax credits for cost-saving energy efficiency improvements and the installation of low-cost solar power.
Investment in Clean Energy
Wisconsin aims for 100% carbon-free electricity by 2050. With over 1.6 GW of renewable energy capacity, and another 1.7 GW planned, tax credits from the Inflation Reduction Act will spur investment in wind and solar, reducing energy costs.
Commitment to Clean Transportation
Wisconsin boasts over 800 alternative fueling stations and will receive nearly $17 million in federal funding to construct more EV charging stations. The Inflation Reduction Act offers upfront discounts to eligible buyers of new and used EVs, saving them on fueling and maintenance costs.
Investing in Wisconsin
More than $237 million has been made available to Wisconsin’s state and local governments in the past year to invest in energy efficiency and grid resilience, thanks to funding from President Biden’s Investing in America Agenda. This includes support for low-income households to acquire efficiency appliances.
Reducing Home Energy Bills for Wisconsinites
DOE’s Weatherization Assistance Program and State Energy Program have invested over $85 million in Wisconsin since 2015. The state will also receive $149 million for a Home Energy Rebate program, which could save Wisconsin low-income households 31% on their energy bills when they upgrade their appliances and improve energy efficiency.
Focusing on Wisconsin’s Rural and Underserved Communities
Wisconsin’s Rural Partners Network supports 12 counties across the state. The Biden Administration’s Justice40 Initiative aims to ensure 40% of the benefits of federal investments reach disadvantaged communities. DOE’s more than 140 programs fall under this initiative. For current DOE funding opportunities, visit: www.energy.gov/infrastructure
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