Heat Pump Installations Slow, Impeding Biden’s Climate Goals

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By Santul Nerkar and Madeleine Ngo  Originally published in The New York Times, Nov. 9, 2023  More Americans are buying heat pumps, an environmentally friendly alternative to furnaces and air-conditioners that can significantly lower monthly energy bills. But the pace of installations has slowed in the past year, posing an obstacle to the Biden administration’s climate plans.  Rising interest rates and inflation combined …

Case Study: IRA, BIL Bringing Big Pots of Money to Green Affordable Housing

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By Mark Fogarty  NH&RA November 2023 If Timed Right, Financial “Braiding” Techniques May Cover Whole Cost of Retrofits There’s a brave new world of opportunities for “green” multifamily affordable housing renovation and development coming with the ever-quickening ascendancy of green buildings. This is according to one of the early adopters of clean energy solutions in multifamily, Ravi Malhotra—founder and president of ICAST. …

ICAST Experts Weigh In: 2023 State Legislative Wrap-Up and Looking Ahead to 2024

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By Kristen Cheriegate: Senior Policy Analyst | Ms. Cheriegate navigates ICAST through the policy world to obtain real-world solutions, funding resources, and networks with potential partners to provide more services to low- and moderate-income households. State legislatures are gearing up to pre-file bills for the 2024 season, but before we close the books on 2023, we wanted to provide some …

November 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst White House Takes Action to Create More Affordable Housing The Biden-Harris Administration has released a fact sheet that highlights new actions to support the conversion of high-vacancy commercial buildings to residential use, including through new financing, technical assistance, and the sale of federal properties – creating much-needed affordable housing, energy-efficient, near transit, and good …

Tying it All Together

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Tying it All Together Timing and Key Considerations for Green Funds and Programs By Ravi Malhotra, NH&RA Tax Credit Advisor, November 2023 Federal agencies have steadily made progress in rolling out the new funds from the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL). Multifamily property owners can fold these dollars into capital stacks for projects that incorporate solar and …

ICAST Sets New Record for Its Heat Pump Work with Rocky Mountain Power

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ICAST is pleased to announce that in September, it processed over 1,000 multifamily heat pump rebates for Rocky Mountain Power (RMP), thus setting a new monthly record. ICAST has managed RMP’s custom multifamily program in Utah since its launch in 2018, and this program is one of the nation’s most successful for electrification in multifamily properties. It covers the entire …

ICAST team members at NASEO Meeting

ICAST Team Members Attend NASEO Annual Meeting

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In October, ICAST sent three representatives—CEO Ravi Malhotra, Director of Grant Programs Ryan Kristoff, and Senior Policy Analyst Kristen Cheriegate—to the National Association of State Energy Officials (NASEO) Annual Meeting in Portland, Oregon. During this event, our team engaged with State Energy Office officials from various states, delving into crucial topics such as emerging EPA initiatives like Solar for All, …

ICAST Empowers Multifamily Affordable Housing: New Resources Unveiled for Clean Energy Upgrades!

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ICAST (International Center for Appropriate and Sustainable Technology), a national 501c3 nonprofit, has spearheaded a transformative initiative to empower Multifamily Affordable Housing (MFAH) communities to take advantage of the windfall created by the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA). With support from experts across the housing, energy, and financing fields, ICAST has crafted three comprehensive Resource Guides that …

Accessing Solar for Multifamily Affordable Housing

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Originally published in Utah Rental Housing Journal. Ryan Kristoff The Inflation Reduction Act and Bipartisan Infrastructure Law have created a once-in-a-generation opportunity for multifamily affordable housing (MFAH) to leverage tax credits, rebates, and other incentives for holistic upgrade projects. Technologies like solar and heat pumps can improve net operating income; reduce operations and maintenance costs; and create healthier, safer, more …

ICAST Selected to Conduct Solar Feasibility Analysis for Tribe in New Mexico

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The Pueblo of Zia, a federally recognized Tribe situated atop a basalt mesa in north-central New Mexico, has retained ICAST to determine the feasibility of solar installations on their land. ICAST will explore two types of solar systems: a 5 MW community solar farm on tribal land, and smaller solar systems to be installed behind-the-meter on Zia Pueblo’s buildings, such …