Spokane News: Clean Energy Projects Funded in Washington
TL/DR –
US Agriculture Secretary Tom Vilsack has announced $78.3 million in partially forgivable loans for clean energy projects under the Power and Affordable Clean Energy (PACE) program. Part of the funds will be used by Cunningham Solar to develop nearly three megawatts of solar energy in rural areas of Washington, supporting 560 households and creating jobs for rural families, small businesses, and agriculture producers. The funding for the PACE program comes from the Inflation Reduction Act.
US Secretary of Agriculture Announces Partially Forgivable Loans for Clean Energy
US Agriculture Secretary Tom Vilsack has unveiled $78.3 million in partially forgivable loans for clean energy projects as part of the Power and Affordable Clean Energy (PACE) program. The program’s goal is to reduce electricity bills and expand access to renewable energy.
Washington is among the states set to benefit from this funding. Cunningham Solar is planning to utilize $4 million of the allocated funds to establish approximately three megawatts of solar energy in rural areas. The project will pair with Big Bend Electrical Co-op to distribute power to residential properties in Washington.
Impact of PACE Program on Washington Households
More than 560 households are anticipated to benefit from this initiative. The funding for the PACE program is sourced from the Inflation Reduction Act. This clean energy project not only aims to make renewable energy accessible but also to create jobs in rural areas.
Benefits of the Clean Energy Project to Local Economy
The project is set to stimulate economic growth by generating job opportunities for rural families, small businesses, and agricultural producers. Consequently, it will bolster the local economy and enhance energy infrastructure.
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