EPA Awards $20 Billion in Grants to Fund Clean Energy Loans for Low-Income Areas

• The EPA is awarding $20 billion in grants to 8 nonprofits to offer loans for clean energy projects • The grants range from $500 million to $6.9 billion • The goal is to spur clean energy, especially in low-income areas • Loans could fund projects like a family buying an electric stove or building efficient housing • Republicans criticized the plan as a "greendoggle"