VP HARRIS AND EPA ADMINISTRATOR REGAN CONCLUDE INVEST IN AMERICA TOUR WITH CELEBRATION OF TURBOCHARGED CLEAN ENERGY ECONOMY
tags
Baltimore, Maryland – Today, Vice President Kamala Harris and EPA Administrator Michael Regan will conclude this leg of the Biden Administration’s Invest in America tour with an event in Maryland to spotlight the impact of President Biden’s clean energy plan. As a result of the Bidenomics, businesses have invested over $1.6 billion in Maryland. This investment includes groundbreaking clean energy initiatives like Ørsted’s $735 million coastal wind farm project, which will create 1,400 jobs in the region and power over 300,000 homes.
These federal incentives precede the state’s recent Climate Pathways Report – which outlines how Maryland can achieve a 60% reduction of greenhouse emissions by 2031 and attain a net-zero economy by 2045.
As the Invest in America Tour comes to a close, Maryland’s ambitious new climate and clean goals highlight how the Biden-Harris Administration’s clean energy plan continues to grow the state’s clean energy economy, bringing good-paying clean energy jobs to Americans nationwide across the country.
Examples of federal investments in Maryland’s climate plan and clean energy economy over the next decade include:
- Tax credits covering 30% of the costs to install solar panels and battery storage systems will enable over 130,000 additional Maryland households to install rooftop solar panels.
- Grants to help state and local governments adopt the latest building energy codes would save the average new Maryland homeowner $264 per year.
- $1.7 billion in investment in the next five years to improve public transportation across Maryland.
- $63 million in investment over five yeras to expand Maryland’s EV charging network.
- $136,800,000 in home efficiency and home electrification rebates.
Since the Inflation Reduction Act’s passage, Made in America manufacturing is escalating, bringing back good paying jobs across the country. In less than a year, President Biden’s clean energy plan has created over 142,000 clean energy jobs, totaling to $242.81 billion in new investments across 41 states.