DENVER, CO, February 29, 2024 – ICAST (International Center for Appropriate and Sustainable Technology), a 501c3 nonprofit, was awarded $10 million under the U.S. Dept. of Energy’s Energy Improvements in Rural or Remote Areas (ERA) program to install a 5 MW solar photovoltaic (PV) and 10 MWh battery energy storage system (BESS) on Taos Pueblo lands in New Mexico, served …
Leveraging Federal, State, and Utility Incentives to Fund Solar
By Ravi Malhotra / Tax Credit Advisor May 2023 With the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), the business case for solar-for-multifamily affordable housing is the best it’s ever been. Multifamily properties can leverage Solar Photovoltaic (PV) (and energy storage) to cut utility bills and/or bridge financing gaps. The IRA increases the baseline Solar Investment Tax Credit …
Funding for Green Upgrades and Preservation
By Ravi Malhotra, Founder and President, ICAST NH&RA, March 2023 Engaging Multifamily Owners The Inflation Reduction Act (IRA) provided the Environmental Protection Agency (EPA) with approximately $35 billion that is relevant to multifamily affordable housing. These funds are for emissions reduction projects, and multifamily housing can access them to facilitate green upgrades for affordable housing preservation. Through two separate programs, …