Biden Admin to Shell Out Billions Putting Solar Panels on Low-Income Housing

The Biden administration will announce nearly $5 billion in grants and loans to support landowners’ ability to retrofit low-income housing with green technology like solar panels, The Washington Post reported Thursday.

The funding will be broken into $837.5 million in grants and $4 billion in loans to implement the Green and Resilient Retrofit Program, a provision of President Joe Biden’s signature climate law, the Inflation Reduction Act (IRA), according to the Post. While the IRA already offers tax breaks for making the switch from fossil-fuel-powered appliances to green tech — for example, offering $2,000 to install an electric heat pump — the Department of Housing and Urban Development (HUD) program seeks to address the lack of time and resources that low-income Americans may have to take advantage of them.

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