Billions in clean energy investments will flow to states from the Inflation Reduction Act -- from large-scale power generation to tax credits and rebates for buying electric vehicles and energy-efficient appliances.
1/3 President Joe Biden signs the Inflation Reduction Act, which has provisions aimed at slowing climate change. Photo by Bonnie Cash/UPI | License Photo Aug. 17 (UPI) -- The White House said in signing the legislation, President Joe Biden aims to lower energy costs and create jobs. Advertisement In New York, for example, the new law will provide $34 billion for large-scale clean power generation and storage by 2030. New York residents may also qualify for rebates on new electric appliances and heat pumps. New York Gov. Kathy Hochul said the initiative will have major a impact on clean energy, beyond its provisions to lower healthcare costs. "A historic investment in green technology and climate resiliency will make a positive impact across our economy by creating jobs, lowering household utility costs and kick-starting the clean energy revolution," she said. Advertisement In Florida, the clean-energy investment will be $62.7 billion through 2030. Funding will also boost rural resilience to extreme weather by adding floodproofing and other protective measures to affordable housing. According to the United States Climate Alliance, the Inflation…