Hagåtña, Guam – Governor Lou Leon Guerrero and Lt. Governor Josh Tenorio issued the following statements regarding the U.S. Senate’s passage of the Inflation Reduction Act:
“Over the weekend, Senate Democrats passed the largest investment addressing climate change, creating millions of sustainable jobs and reducing pollution by 2030 – all while saving families money,” said Governor Lou Leon Guerrero. “Families can expect to see rebates up to $7,500 for the purchase of a new electric vehicle or up to $4,000 for the purchase of a used electric vehicle; 30% off the cost of installing rooftop solar, which is an average savings of $7,000 and 30% off the cost of first solar home batteries purchases; and up to $14,000 to switch over to electric appliances. These investments will reduce utility costs for families in the long-run. We urge the U.S. House of Representatives to swiftly pass the Inflation Reduction Act.”
“To improve energy efficiency, the bill offers an alternative rebate option to cover more than half of the cost of whole-home energy efficiency retrofit and more than 80% for low-or moderate-income households. The bill also includes $15 million in technical assistance for climate change planning, mitigation, adaptation, and resilience for Insular Areas; $1.893 billion for eligible entities, including territories, for the competitive Neighborhood Access and Equity Grant program to improve walkability, safety, and affordable transportation access in disadvantaged or underserved communities; and $250 million for institutions of higher education, including in the territories, to support agricultural research, education, scholarships, and programs that provide internships and pathways to the agricultural sector or federal employment,” said Lt. Governor Tenorio.
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