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 (MFAH) stakeholders. We have been hard at work learning how to leverage IRA opportunities to create a range of meaningful benefits, including reduced utility costs for low-income households, improved property value and NOI for MFAH property owners, and energy independence for Tribes.
However, the time to access this money is finite, and certain dollars, such as the investment tax credit (ITC)) will not reach stakeholders until after the projects are completed and validated. This forces some difficult decisions about the best way to get quick cash. Credits can be transferred or sold to nonprofits, but they lose some of their value in the transfer, and additional funds are needed to hire lawyers and CPAs and purchase insurance. Bottom line: our customers need other solutions to manage the cash flow, so TBL Fund is stepping in.
We are excited to announce that we are providing a new Bridge Loan product to help stakeholders cover the upfront costs for upgrades and get projects underway. To minimize out-of-pocket expenses, our in-house experts also help customers access all the incentives, rebates and credits their projects qualify for. Once customers receive their incentives, they can repay the TBL Fund loan.
Best part? We make it easy. Customers can simply schedule a consultation with TBL Fund customer solutions specialists to review project details and get moving on their applications. We offer quick processing and a competitive rate with low fees. To learn more and get started, click here: https://lnkd.in/gkn6GFdQ.