ICAST Partners with New Mexico for Electrification Rebate Program ICAST recently signed a contract to help implement New Mexico’s approx. 43.7 million-dollar Home Electrification and Appliance Rebate (HEAR) program. HEAR is one of two funding buckets under the Inflation Reduction Act (IRA)-funded Home Energy Rebate Program; HEAR funds are allocated to states and tribes that provide rebates for electrification upgrades …
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 …
May 2024 Policy Blog
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 …
March 2024 Policy Blog
Kristen Cheriegate | ICAST Policy Analyst ========== States Pledge to Boost Heat Pump Sales An agreement was signed by environmental agencies in nine states, calling for electric heat pumps to comprise 90% of residential heating, air conditioning, and water heating sales in the signatory states by 2040. Though not legally binding, the memorandum of understanding (MOU) holds that these …
ICAST Experts Weigh In: 2023 Trends and What to Watch for in 2024
Ryan Kristoff | Director of 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. THE 30,000-FOOT VIEW Unsurprisingly, ICAST’s 2023 has primarily focused on the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL). We have been collaborating with federal …
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 …
Case Study: IRA, BIL Bringing Big Pots of Money to Green Affordable Housing
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
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
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 …
ICAST Sets New Record for Its Heat Pump Work with Rocky Mountain Power
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 …