Solar Energy

Biden announces $7 billion in federal grants for solar power projects



President Joe Biden marked Earth Day by announcing $7 billion in federal grants for residential solar projects serving 900,000-plus households in low- and middle-income communities — while criticizing Republicans who want to gut his policies to address climate change.

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21 Comments

  1. Long read. Please let me know if there are any errors. Thanks. Jim
    Biden announces $7 billion in federal solar power grants on Earth Day.
    How does this affect your pocketbook?

    Congress ONLY makes YEARLY INTEREST PAYMENTS on the National Debt.

    Congress HAS NOT PAY ANY MONEY to decrease the National Debt in 68 years. Last year was in 1956.

    Every year Congress SPENDS more than it RECEIVES in tax receipts.

    About every year Congress has to approve an increase in the “National Debt” amount or the government shuts down.

    Why? Because there is no money left in the Congressional piggy bank account. Or more accurately, left in the Congressional (donkey and elephant) bank account.

    Congress starts the borrowing process after it has spent all the yearly tax dollars from Americans. Congress usually spends 1-2 trillion more than it receives every year.

    So Joe Biden wanted to celebrate Earth Day – April 22, 2024. He promised $7 billion dollars for solar projects for America. Joe and Congress will borrow the $7 billion “interest only loan” at 4% interest for 30 years. It is added to the National Debt.

    Every year, American taxpayers will pay an interest payment of $280 million dollars. After 30 years they will have paid $8 billion, 400 million dollars. ($8,400,000,000). Remember Congress only pays the interest on the loan. It does not pay down the loan. It has an” interest only” credit card.

    So the American taxpayer has paid $8 billion, 400 million dollars over 30 years, but still owes the $7 billion dollar loan. And that is why the US National Debt is $34.4 trillion dollars and rising every year. ($34,400,000,000,000).

    Joe Biden will be gone and the Congresspersons who voted for this solar project will be gone. Not their problem. But the taxpayer is still paying interest payments, until Congress pays the $7 billion dollar loan. The last time Congress paid off loans was in 1956. They paid off a measly 1% of the National Debt.

    Taxpayers will make interest payments for as long as the nation exists, or until the National Debt is paid off via bankruptcy.

    "Pay attention to what Joe Biden does, because his actions
    will tell you everything you need to know.”

  2. Do you think it might be a misleading way to cover all the Electric cars they need to power ? So a house with solar on it will that property not get taxed ? And will the homeless people get moved into a home ? Free electricity sounds good to me !

  3. We all needs to stand up for Biden and our Government. We're supposed to depend on them to make our lives easier and that include going solar. We needs to depend on the Government every day to stand up for us. Otherwise, Government is the solution, we are the problem. Which one would you take?

  4. commiefornia is seeing homeowners' home insurance being cancelled when there are solar panels on the roof of their homes. So Jpe's plan to put solar on the roof of homes owned by poor people means that the poor will no longer be able to insure their homes from fires caused by solar panels and related electronics.

  5. I forgot…why do we need our government again?
    I mean I know we need judges and police, but what exactly is the necessity of a bunch of people who vote themselves special rights while using our money to pay for things nobody wants? It looks to me like we need to properly audit our system. What would happen if they were shut down for a day? A week? A year?

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