Big bucks are coming to the Peach State, courtesy of the Biden-Harris administration's Solar for All program. The Capital Good Fund, a nonprofit CDFI, just snagged a cool $156 million as part of a massive $7 billion grant doled out by the EPA. With Earth Day as the backdrop, the federal handout, funded by the dovetailing Inflation Reduction Act, aims to shine a light on low-income communities in Georgia by reducing their energy costs and carbon footprint through rooftop solar initiatives.
Atlanta Mayor Andre Dickens relayed his gratitude for the EPA and the current administration, "Thank you to the EPA and the Biden-Harris Administration for their focus on environmental justice," as reported by the official website of the City of Atlanta. Dickens highlighted, "These grant funds will help Atlanta families lower those costs, helping to improve their physical and financial health, and overall quality of life."
Chandra Farley, Atlanta's Chief Sustainability Officer, sees this as a groundbreaking opportunity, "Solar for All is bringing transformative funding to Atlanta," she said. She explained how the city plans to beef up the Georgia BRIGHT Communities initiative, bolstering their WeatheRISE ATL program - merging climate resilience with environmental justice by serving up homes that are not only healthy but also energy efficient and powered by renewable resources.
The Capital Good Fund's own top dog, Andy Posner, praised the administration's commitment. "This funding will allow us and our partners to dramatically expand the impact of our existing Georgia BRIGHT program," he said, as per a statement obtained by the City of Atlanta's news release. He promised solar-power benefits for around 20,000 households over the next five years, hinting at job creation, emission reductions, and a breath of fresh air.
Georgia BRIGHT doesn't just stop at sticking panels on roofs. The solar initiative also includes perks like solar plus battery storage leases, power purchase agreements for mission-aligned organizations, and homeowners pocketing less than $100,000 a year. With the Solar for All grant winnings, the program's horizon broadens further to cover workforce development, communal solar projects, enabling necessary home repairs like roof replacements, and a sprinkle of this and that.