Grants and Loans to Boost Domestic Solar Component Manufacturing and Jobs.
This Act establishes a federal grant and loan program ($600 million annually) for companies building or expanding solar component manufacturing facilities in the U.S. The goal is to reduce reliance on foreign suppliers and secure the domestic supply chain. The program mandates that recipients pay prevailing wages and includes provisions to facilitate labor organization, ensuring high-quality job creation.
Key points
Authorizes $600 million annually (FY 2024-2028) for constructing and upgrading U.S. solar component manufacturing facilities.
Requires federally funded projects to pay prevailing wages (Davis-Bacon Act) and includes labor-management cooperation rules to protect workers' rights and wages.
Prohibits funding for projects linked to forced labor or non-allied foreign nations, enhancing supply chain security.
Aims to create new jobs, prioritizing low-income communities and economically distressed regions.
Status:
Expired
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