Funding for Green Retrofits

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By Ravi Malhotra Originally posted in Tax Credit Advisor, October 2024 Federal Tax Credits, Rebates, Low-Cost or Forgivable Loans, and Grants are Hitting the Ground The Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are in their second and third years, respectively. Treasury guidance is now available for almost all of the IRA’s clean energy tax credit provisions. Furthermore, …

IRA Tax Credits in Action

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The US Department of the Treasury (“Treasury”) recently released a report showing the benefit of the IRA’s clean energy tax incentives for consumers. More than 3.4 million families claimed $8.4 billion in IRA-enabled tax credits in 2023 alone. With IRA funds starting to make their way into the homes of Americans, the deep impact of the bill is beginning to …

October 2024 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Manager ========== States Launch Home Energy Rebates Program The Department of Energy (DOE) announced that Arizona, New Mexico, Maine, and Rhode Island have launched their Home Electrification and Appliance Rebates (HEAR) programs. New Mexico: NM’s HEAR will provide low-income single-family homeowners and low- and middle-income renters up to $14,000 in rebates to upgrade equipment and appliances. …

ACEEE Award Winners

ICAST at the ACEEE Summer Study on Energy Efficiency in Buildings

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ICAST’s Vice President of Grant Programs, Ryan Kristoff, recently attended the American Council for an Energy-Efficient Economy’s (ACEEE) biennial conference on decarbonizing the building sector. This conference brings together professionals, policymakers, researchers, and other stakeholders from across the world to discuss evolving best practices for designing and implementing energy efficiency solutions in buildings. In addition to receiving an award for …

Solar for Multifamily

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By Ravi Malhotra Originally published in NH&RA’s Tax Credit Advisor Magazine Federal Funds for Multifamily Solar Projects En Route The Inflation Reduction Act (IRA) is expected to fund approximately $1 trillion in tax credits for clean energy. A significant portion of the funding is for the solar investment tax credits (ITC)—the base ITC was expanded to 30% and multifamily affordable …

August 2024 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Manager ========== EPA Announces Climate Pollution Reduction Grants Program Awards  The Biden-Harris administration recently announced the award of $4.3 billion in implementation grants under the Inflation Reduction Act (IRA)-funded Climate Pollution Reduction Grants (CPRG) program. The 25 selected applications will fund projects in 30 states including one Tribe. Eight of the selected applications were submitted …

ICAST Experts Weigh In: Starkly Different Budget Bills Emerge from Congress

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By Kristen Cheriegate, ICAST Policy Manager | 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. The Fiscal Year (FY) 2025 budget is gearing up to be a show in Congress, with both the Republican-controlled House and the Democratic Caucus-controlled Senate pushing …

ICAST Experts Weigh In: Redesigning the Federal Weatherization Assistance Program

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By Ryan Kristoff | Vice President, Grant Programs Mr. Kristoff grows the organization by securing the funding and partnerships necessary to build new programs, expand to new geographies, and add services to its one-stop shop. In April, through Tennessee’s new Multifamily Weatherization Assistance Program, ICAST completed its first multifamily weatherization project, covering 80 units at the Summercrest Apartments in North Knoxville. The …

Money on the Move: Accessing Incentives for Your Green Projects

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By Ravi Malhotra Originally published in Utah Rental Housing Journal More funds from the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are working their way toward communities. For example, Utah’s Office of Energy Development is currently preparing its applications for the U.S. Dept. of Energy’s funded Home Energy Rebate programs. The Environmental Protection Agency is considering applications under …