Energy Facts: How the U.S. Investment Agenda Will Impact New Hampshire

• On Monday, January 8, 2024, U.S. Secretary of Energy Jennifer M. Granholm visited Nashua and Bedford, New Hampshire, to join the state’s entire congressional delegation and discuss how Bidennomics will reduce costs and cutting-edge technology for American households. The plan is to highlight how the company is contributing to the advancement of the world. Develop clean energy technologies and train the next generation of clean energy workers.

• In 2022, New Hampshire already had 30,200 workers employed in the energy sector.
• Statewide, more than 50% of the power generation workforce is involved in wind, solar and hydropower, and approximately 11,300 workers are employed in energy efficiency.
• The Inflation Control Act expands these opportunities, bringing an estimated $490 million in large-scale clean power generation and storage investments to New Hampshire between now and 2030.

• New Hampshire is home to $490 million in small businesses, accounting for 98.9% of all businesses and employing 49% of all workers in the state, and the Anti-Inflation Act will help small businesses save money. Dew. Commercial building owners can receive a tax credit of up to $5 per square foot to support energy efficiency improvements that reduce utility costs. Other programs benefiting small businesses include tax credits that cover 30% of the cost of installing low-cost solar power and purchasing clean trucks and vans for commercial vehicles.

• Currently, New Hampshire has 220 MW of solar, wind, and storage capacity, powering the equivalent of 25,000 New Hampshire homes. This is in addition to 1.2 GW of nuclear capacity.
• The Anti-Inflation Act’s tax credits to encourage investment in wind and solar will help lower energy costs, as the cost of solar and wind power is projected to decline by 23% and 35%, respectively, over the next 30 years in New Hampshire. Helps reduce
• Since the start of the Biden administration, the U.S. Department of Energy has announced more than $150 billion in new private sector battery and electric vehicle supply chain investments and two new private sector solar manufacturing investments. It tracks more than $5 billion, including batteries. an electric vehicle facility and a new solar manufacturing facility in New Hampshire.

• There are currently over 10,900 EVs registered in New Hampshire.
• Drivers who switch to electric pickup trucks could save more than $1,700 annually in fuel and maintenance costs compared to gasoline-powered trucks. Light car drivers could save more than $1,200 a year by switching to an electric vehicle. The Inflation Control Act makes it easier and cheaper to buy an electric vehicle, offering eligible buyers up to $7,500 in upfront discounts on eligible new EVs and up to $4,000 on used EVs. , allowing many Americans to save money on fuel by skipping gas stations. .
• New Hampshire already has more than 480 alternative refueling ports. The state will also receive more than $3.7 million in federal funding to help build EV charging stations.

• Thanks to funding from President Biden’s American Investment Agenda, the U.S. Department of Energy has provided more than $103 million to New Hampshire and local governments over the past year to invest in energy efficiency and grid resiliency. This includes more than $6 million in his funding to give low-income households access to more efficient home appliances and strengthen the resiliency of the power grid.

• The U.S. Department of Energy’s Weatherization Assistance Program and State Energy Program have invested approximately $20 million in New Hampshire since 2015, resulting in hundreds of jobs and more than 1,800 homes, reducing energy costs and improving health. This led to improved safety.
• New Hampshire will receive more than $69 million to implement the home energy rebate program in the state. Low-income New Hampshire households can save an average of 40 percent on their home energy bills by improving energy efficiency through funding like these programs.
• The Anti-Inflation Act also includes grants to help state and local governments implement updated building energy standards, which will save the average new homeowner in New Hampshire 15.1% on energy bills. You can do it. That’s $537 per year.

• The Biden administration aimed to ensure that federal agencies deliver at least 40% of overall benefits from climate, clean energy, affordable and sustainable housing, clean water, and other investments. We are committed to increasing equity for all communities, including through our Justice 40 Initiative. To underprivileged communities. The U.S. Department of Energy targets more than 140 programs in this effort.
• The New Hampshire Public Utilities Commission, with support from DOE’s Solar Energy Innovation Network, has joined a multi-state effort to develop solar power in a way that benefits the electric grid.
• The NH Sustainable Energy Association, located in Whitefield, New Hampshire, won the Rural Communities Revitalization Award for its proposal to assist rural communities in the design and implementation of battery storage systems for municipal buildings. Selected for 1st round.

For current DOE funding opportunities, please visit www.energy.gov/infrastructor.