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 …
Solar and Storage Update: ICAST’s Work with Disadvantaged Communities
ICAST has been tracking the rollout of Inflation Reduction Act (IRA) dollars and helping our various customer segments access these funds to benefit low- and moderate-income communities. We are working on numerous community-scale solar PV and battery energy storage system (BESS) projects for Tribes, rural electric cooperatives, and municipalities. These include: a 2MW solar PV and 4MWh BESS for the …
TBL Fund Closes Bridge Loan
TBL Fund’s new Bridge Loan product is designed to help customers take advantage of the various incentives created by the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL). After project completion and validation, many of these dollars are only disbursed to customers. Bridge loans provide essential capital upfront, enabling stakeholders to initiate and advance their green projects and repay …
TBL Fund Announcing New Bridge Loan Product to Facilitate Green Projects
Originally published on tblfund.org The Inflation Reduction Act (IRA) has created a wealth of opportunities to scale green solutions like heat pumps, solar, energy storage, and weatherization in underserved communities. To pursue holistic clean energy solutions, stakeholders can access tax credits, grants, and other incentives. Triple Bottom Line Foundation’s (TBL Fund) focus is serving indigenous communities and multifamily affordable housing …
In Case You Missed It: ICAST Affiliate Offering New Services for Green Projects
In September, TBL Fund (ICAST’s affiliated Community Development Financial Institution) announced a new bridge loan product to streamline the financing process for its customers’ green projects. Funds from the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) will not be available forever, and specific dollars, such as the investment tax credit (ITC) will not reach stakeholders until after the projects …
TBL Fund Experts Weigh In: Scaling Clean Energy Projects on Tribal Lands
By Scott Griffin | Business Development, TBL Fund Mr. Griffin oversees TBL Fund grant and investment lifecycles. He fosters relationships with investors and grantors alike, helping develop proposals and managing document and information exchange to ensure TBL Fund has the financial resources to further its mission. Climate change threatens Tribal homelands, food sources, cultural resources, and sacred ways of life. …
TBL Fund Experts Weigh In: Driving Energy Retrofits in Multifamily Affordable Housing
Lee Alexander | Finance Manager Mr. Alexander supports TBL Fund by developing and executing corporate strategic initiatives relating to risk and compliance to facilitate growth and to drive process improvements and operational efficiencies. A blog published through the U.S. Dept. of Energy’s Better Buildings Solution Center discussed the value of leveraging financing and renovation events to drive low-income multifamily housing …
Case Study: Energy Retrofits in New Mexico
Case Study: Energy Retrofits in New Mexico By Mark Fogarty / NH&RA Issue: April 2023 Solar Panels Come with Home Improvements Residents at three public housing authority properties for Santa Fe County in New Mexico are happy to see solar panels installed on the roofs of their projects, as the arrays also come with 16 additional upgrades for the tenants. The …
TBL Fund Receives Award to Facilitate Green Projects in Underserved Communities
TBL Fund Receives Award to Facilitate Green Projects in Underserved Communities Triple Bottom Line Foundation (TBL Fund) was recently awarded $125,000 from the Community Development Financial Institutions (CDFI) Fund, which it will leverage to increase its capacity to finance green projects for multifamily affordable housing and disadvantaged communities. TBL Fund provides development services and customized financial products to help preserve …