December 2024 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Manager ========== Virginia Announced Launch of Clean Energy Innovation Bank The Virginia Department of Energy has announced the launch of the Virginia Clean Energy Innovation Bank (VCEIB) after similar legislation was vetoed earlier this year. As a green bank, VCEIB will mobilize public and private capital to bridge the gaps in clean energy financing in …

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 …

May 2024 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ========== Greenhouse Gas Reduction Fund Competition Selectees Chosen The Environmental Protection Agency (EPA) has announced its selections under the $27-billion Greenhouse Gas Reduction Fund (GGRF). Eight awards totaling $20 billion, were made under the National Clean Investment Fund (NCIF) and Clean Communities Investment Accelerator (CCIA): The goal is to create a national clean financing …

October 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst Environmental Protection Agency Updates Solar for All Funding The Environmental Protection Agency (EPA) has updated the Solar for All (SFA) Notice of Funding Opportunity. The interested applicants requested over $38 billion in funding from the SFA competition. To maximize access to solar energy for low-income (LI) and disadvantaged communities, EPA has revised the maximum …

Accessing Green Upgrades with EPA and HUD Funds

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By Ravi Malhotra Tax Credit Advisor, September 2023 As we near the end of the year, federal agencies, including the U.S. Department of Energy (DOE), the U.S. Department of Housing and Urban Development (HUD) and the Environmental Protection Agency (EPA), are finalizing the design of Inflation Reduction Act (IRA)-created programs and releasing more and more of the funds. Many of …

November 2022 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Department of Housing and Urban Development Receives Multifamily Program Comments On October 27, the U.S. Department of Housing and Urban Development (HUD) closed its Request for Information (RFI) to obtain public input regarding the development of its Green and Resilient Retrofit Program (GRRP). The RFI sought guiding information on prioritizing the GRRP’s work, …

October 2022 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Department of Housing and Urban Development Releases New Guidelines for Community Solar Participants The U.S. Department of Housing and Urban Development (HUD) has issued new guidance to HUD Multifamily Housing field staff, owners, and management agents on the treatment of on-bill virtual net energy metering credits commonly resulting from a resident’s participation in …