Kristen Cheriegate | ICAST Policy Manager ========== California Launches Home Energy Rebate Program The U.S. Department of Energy announced California has launched program activities under the federal Home Energy Rebates Program, with $300 million in funding, supported by the Inflation Reduction Act (IRA). The Home Energy Rebates program is part of the High-Efficiency Electric Home Rebate Act (HEEHRA) passed as …
Funding for Green Retrofits
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, …
June 2024 Policy Blog
Kristen Cheriegate | ICAST Policy Analyst ========== White House Announces Over $12M to Support Local Energy-Saving Projects The U.S. Department of Energy (DOE) announced $12.1 million to three states and 14 local governments for the next round of formula grants through the Energy Efficiency and Conservation Block Grant (EECBG) Program. These projects, funded by the Bipartisan Infrastructure Law (BIL), come …
Money on the Move: Accessing Incentives for Your Green Projects
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 …
Tying it All Together
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 …
Decarbonizing the Nation’s Buildings ~ Ensuring Multifamily Benefits from the Push
Ensuring Multifamily Benefits from the Push By Ravi Malhotra Tax Credit Advisor, August 2023 Since early 2023, ICAST’s articles have covered the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) and their potential impacts on multifamily affordable housing. The BIL provided billions for the Weatherization Assistance Program (WAP) on top of the standard allocation, so for the next four …
Electrification Upgrades
A New Generation of Heat Pump Systems Increases Efficiency By Ravi Malhotra Tax Credit Advisor, July 2023 More and more states have regulations and mandates requiring multifamily affordable housing properties to decarbonize (i.e., replace the use of natural gas, oil, or propane with electricity). This can be accomplished by upgrading systems for space and water heating. Electric heat pumps are …
May 2023 Policy Blog
Kristen Cheriegate | ICAST Policy Analyst ******************* U.S. Government Draft Budget Proposals Released for Fiscal Year 2024 In the President’s Budget Message, President Biden states his budget goals to continue lowering costs like affordable housing, home energy bills, and more. Budget Highlights include: Department of Energy (DOE): $11.9B in climate and clean energy research development, demonstration, and deployment to achieve …