By Jamie Martin
Secretary of Agriculture Tom Vilsack today revealed a $78.3 million initiative under the Powering Affordable Clean Energy (PACE) program, designed to lower electricity costs and stimulate economic growth in rural America. This funding, sourced from the Inflation Reduction Act, marks a historic commitment akin to initiatives from the era of the New Deal.
The investments will benefit several projects across states including Maryland, Ohio, Vermont, Washington, and American Samoa, empowering nearly 7,000 households with renewable energy annually.
For instance, in American Samoa, investments will develop significant solar and battery storage systems, providing a substantial boost to the island's energy independence.
“Partnering with local governments, companies, and others to provide clean, reliable energy to rural Americans lowers people’s costs, strengthens the nation’s energy security and reduces pollution,” stated Secretary Vilsack. This approach aligns with the Administration's broader strategy to foster a sustainable future for rural communities.
Highlighting the impact at a local level, the Stowe Electric Department in Vermont will utilize a $6 million loan to enhance its hydroelectric and solar capacities, demonstrating the program’s direct benefits to rural families and businesses.
The USDA's commitment through the PACE program is not only a step towards modernizing rural America's energy infrastructure but also supports the President’s Justice40 Initiative, aiming to ensure significant federal investment benefits reach disadvantaged communities.
As the program progresses, additional projects totaling over $995 million in loans are set to advance, reinforcing the USDA’s role in transforming America’s energy landscape. For more information, visit the PACE program’s website at www.usda.gov.
Photo Credit: usda
Categories: National