Saving You Money: The Inflation Reduction Act
As your Congressman, I am fiercely committed to promoting a future with enhanced energy options that are affordable. That’s why I voted for the Inflation Reduction Act (IRA), which includes historic climate legislation that cuts energy costs for hardworking area families while making enormous strides to protect the environment for future generations.
Thanks to the passage of the Inflation Reduction Act, you can save money through a wide range of tax credits and rebates for energy efficient upgrades, including:
- Tax credits of up to up to $3,200 for energy efficient home improvements such as insulation and energy-efficient windows and doors
- Tax credits of up to $2,000 for electric heat pumps or central air conditioners and rebates of up to 100% for certain appliances for low- and moderate-income households
- Tax credits of up to 30% for installing rooftop solar panels, which can save you over $300 per year in energy costs
- Tax credits up to $7,500 for new electric vehicles and up to $4,000 for used electric vehicles, saving you money at the gas pump
The historic investments included in the Inflation Reduction Act will bring down consumer energy costs and increase American energy security while substantially reducing greenhouse gas emissions. The combined investments will put the U.S. on a path to roughly 40% emissions reduction by 2030 and represents the single biggest climate investment in U.S. history.
Area residents who take advantage of the energy incentives listed below can generate thousands of dollars in savings. Available tax credits and rebate programs will make it easier and more affordable for you to weatherize your home, upgrade to more efficient appliances, purchase electric vehicles, install efficient residential energy systems and save money on your energy bills.
Learn how you can take advantage of the energy incentives listed below!
TAX CREDITS
New Electric Vehicle: §30D (Up to $7,500 Available Now)
DESCRIPTION
Working families will be able to use tax credits that make electric vehicles more affordable. Purchasing an electric vehicle (EV) can save families thousands of dollars on fuel costs over the life of their car. Over their lifetimes, EVs have smaller carbon footprints than gasoline cars and can be plugged into the same type of outlet as your toaster. When you need a charge on the road, there are 53,000 publicly available charging stations across the U.S
ELIGIBILITY
Qualifying buyers are limited to individuals with a modified adjusted gross income (MAGI) less than $150K (or $300K for joint filers).
Qualifying vehicles must have a Manufacturer Suggested Retail Price (MSRP) of less than $55K (or $80K for vans, SUVs, or pick-up trucks), and meet certain battery manufacturing and component criteria. Note: if you take possession of the new vehicle on or after April 18, 2023, it must meet critical mineral and battery component requirements to qualify for the credit.
For Vehicles Purchased and Delivered in 2022: Visit this website to see which EVs are eligible.
For Vehicles Purchased and Delivered in 2023 and Later: Visit this website to see which EVs are eligible. This is a list based on information provided by vehicle manufacturers and will be updated.
For more information on the qualification requirements, visit this IRS website.
ACCESS
To claim the credit, file Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles) with your tax return.
Taxpayers now have the option to transfer this tax credit as a “point of sale rebate” by a dealership to directly lower the price of the vehicle by the credit amount at the time of purchase. This is big news for families who want an upfront down payment on their electric vehicle at the point of sale, rather than wait to claim their credit on their tax return the next year. Electric vehicle dealers and sellers will need to use this online tool to register with IRS and submit time-of-sale reports.
Leased Electric Vehicle: §45W (Up to $7,500 Available Now)
DESCRIPTION
Leasing an electric vehicle is an additional option consumers can use to take advantage of the Inflation Reduction Act benefits. Through the Commercial Clean Vehicle Tax Credit, businesses that lease electric vehicles (such as dealerships) are eligible for an electric vehicle tax credit of up to $7,500 for qualified vehicles with gross vehicle weight ratings of under 14,000 pounds. Businesses can subsequently pass this credit on to the lessee through lower monthly costs. For more information on leasing an electric vehicle, visit this IRS website.
ELIGIBILITY
Qualifying recipients are businesses and tax-exempt organizations, or individuals who lease a qualified vehicle from such business or organization.
Qualifying vehicles are listed here.
ACCESS
The tax incentives for leased vehicles are provided to the dealer, who may pass on the consumer benefits to the lessee through reduced leasing costs. If you are leasing an electric vehicle, you can request information from the dealership on how tax incentives from the Inflation Reduction Act are passed on to you, the customer.
Used Electric Vehicle: §25E (Up to $4,000 Available Now)
DESCRIPTION
Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) or fuel cell vehicle (FCV) from a licensed dealer for $25,000 or less, you may be eligible for a used electric vehicle tax credit (also referred to as a previously owned electric vehicle tax credit). The credit equals 30% of the sale price up to a maximum credit of $4,000.
ELIGIBILITY
Qualifying buyers are limited to individuals with a modified adjusted gross income (MAGI) less than $75K (or $150K for joint filers).
Qualifying vehicles must have a MSRP of less than $25K, weigh less than 14,000 pounds, and be at least two years old (model year must be at least 2 years older than the year of sale.)
Find a list of qualified vehicles here.
Purchases must be made through a dealer who is licensed to sell motor vehicles.
Required information includes:
- Dealer's name and taxpayer ID number
- Buyer's name and taxpayer ID number
- Sale date and sale price
- Maximum credit allowable under IRC 25E
- Vehicle identification number (VIN), unless the vehicle is not assigned one
- Battery capacity
ACCESS
To claim the credit, complete Form 8936, Qualified Plug-in Electric Drive Motor Vehicle Credit (Including Qualified Two-Wheeled Plug-in Electric Vehicles and New Clean Vehicles), and file it with your tax return for the year you took possession of the vehicle.
Taxpayers now have the option to transfer this tax credit as a “point of sale rebate” by a dealership to directly lower the price of the vehicle by the credit amount at the time of purchase. This is big news for families who want an upfront down payment on their electric vehicle at the point of sale, rather than wait to claim their credit on their tax return the next year. Electric vehicle dealers and sellers will need to use this online tool to register with IRS and submit time-of-sale reports.
Electric Vehicle Charger: §30C (Up to $1,000 Available Now)
DESCRIPTION
The Inflation Reduction Act incentivizes businesses and homeowners to install EV chargers by expanding the existing tax credit known as the Alternative Fuel Vehicle Refueling Property Credit (30C) and extending it for 10 years. Level 2 residential EV chargers pull electricity from a 240V outlet and can charge your EV overnight, whereas Level 3 public chargers can charge EVs in as little time as 20 minutes.
ELIGIBILITY
Homeowners residing in eligible lower-income or rural census tracts can get a tax credit of 30% of the cost of installing a home EV charger on their property—up to a maximum of $1,000.
Qualifying property will be limited to property placed in service within low-income communities or non-urban census tracts. Find out if your location is eligible for this tax credit with guidance from the Department of Energy’s 30C Tax Credit Eligibility Locator (this mapping tool is intended to reflect all eligible locations for the 30C credit but is not formal IRS guidance).
Further, beginning in 2023, the tax credit for businesses and home installations applies to other EV charger equipment like bidirectional (two-way) chargers that turns your car battery into a backup power source for your home. This credit could also help renters by encouraging apartment complexes and other businesses to install EV chargers for residents and customers.
ACCESS
To claim the credit, complete Form 8911, Alternative Fuel Vehicle Refueling Property Credit, and file it with your tax return for the year you placed the EV charger in service. You will need your receipt to show the purchase price of the EV charger and any fees for installation of the charger.
Residential Clean Energy Tax Credit: §25D (30% Available Now)
DESCRIPTION
Rooftop solar is covered under the 25D tax credit and provides households an uncapped 30% tax credit. The cost of solar panel installation depends on a number of factors, such as your home and solar panel size, and where you live. Those who upgrade their electrical panels in conjunction with rooftop solar are also eligible for a 30% uncapped tax credit.
ELIGIBILITY
This 30% credit applies to purchase and installation costs for:
- Solar panels
- Solar water heaters
- Fuel cell property expenditures
- Small wind turbines
- Geothermal heat pumps
- Battery storage systems
The amount of the credit you can take is a percentage of the total improvement expenses in the year of installation with no annual maximum or lifetime limit:
- 30% for 2022 - 2032
- 26% for 2033
- 22% for 2034
In low-income or energy communities, community solar and leased rooftop solar developers may be able to access additional 10% or 20% bonuses. Rather than directly qualifying for these bonuses, homeowners may benefit from them through leasing or subscription community solar models.
ACCESS
For more information, check out this IRS FAQ on the 25D tax credit, this ENERGY Star Guide on qualifying purchases, and this Department of Energy guide to the Rooftop Solar tax credit.
Energy Efficient Home Improvement: §25C (Up to $3,200 Available Now)
DESCRIPTION
The Inflation Reduction Act significantly expands and extends the 25C tax credit, now known as the Energy Efficient Home Improvement Credit. Previously, this tax credit was limited to 10% of your project costs but is now increased to up to 30% and available on an annual basis. After January 1, 2023, qualified energy-efficient improvements to your home may qualify you for tax credits worth up to $3,200.
ELIGIBILITY
You may claim the energy efficient home improvement credit for improvements to your main home. Your main home is generally where you live most of the time. You can't claim the credit if you're a landlord or other property owner who doesn't live in the home.
For the energy efficiency home improvement credit, the home must be:
- Located in the United States
- An existing home that you improve or add onto, not a new home
Homeowners can claim up to $2,000 for heat pumps, heat pump water heaters, or biomass stoves. Upgrade costs eligible for the credit can include equipment, installation, and labor costs.
Homeowners can also claim up to $1,200 for other weatherization installs and energy-efficient improvements including up to:
- $150 for a home energy audit
- $250 for a new exterior door ($500 total for all exterior doors)
- $600 for new exterior windows and skylights
- $1,200 for insulation
- $600 for an upgraded electrical panel.
For more information, check out this IRS FAQ on the 25C credit and this ENERGY Star Guide on qualifying purchases.
ACCESS
File Form 5695, Residential Energy Credits Part II, with your tax return to claim the credit. You must claim the credit for the tax year when the property is installed, not merely purchased.
Electrification Rebates:
The Inflation Reduction Act includes $8.8 billion in rebates for home energy efficiency and electrification projects, which is expected to save American households up to $1 billion annually. This legislation provides point-of-sale discounts to low- and moderate-income households across America to electrify their homes. When households make qualifying electrification purchases, they will receive these rebates as immediate, off-the-top discounts. You can find an update of your state energy office’s application status with the Department of Energy for these rebates as these funds are being rolled out. We will update this website as the Department of Energy and state energy offices implement each rebate that will provide clarity on final rebate amounts, eligibility, and timelines.
High-Efficiency Electric Home Rebate HEEHRA (Up to $14,000, Rollout Timing TBD)
DESCRIPTION
Americans can save hundreds of dollars on their energy bills by electrifying their homes, but may be daunted by the high upfront costs. Through the High-Efficiency Electric Home Rebate Act (HEEHRA) program, the new law allocates funding to help low- and moderate-income households reduce their energy bills.
State energy offices will administer the program, which provides rebates on ENERGY STAR-certified appliances and other home electrification projects. You can find an update of your state energy office’s application status with the Department of Energy for these rebates as these funds are being rolled out.
Please note that homeowners can only receive a rebate from either the HEEHRA or the HOMES program (additional information below)—not both. However, it is expected that homeowners will be eligible, pending DOE guidance, to combine both a rebate from either of these two rebate programs with an energy efficiency tax credit at the same time.
ELIGIBILITY
Qualifying Households:
- Low-income households (<80% of the Area Median Income): 100% rebate of the purchase and installation costs for qualified electrification projects.
- Moderate-income households (80-150% of their Area Median Income): 50% rebate of the cost of home electrification projects.
The maximum allowable rebate amount for qualifying upgrades is $14,000 and includes:
- Heat Pump Air Conditioner/Heater (Up to $8,000)
- Heat pumps both heat and cool your house, so it replaces both your traditional air conditioner and home heating system (such as a furnace or boiler).
- Heat Pump Water Heater (Up to $1,750)
- Heat pump water heaters use electricity to move heat from one space to another instead of generating the heat directly.
- Electric/Induction Stove, Range, or Oven (Up to $840)
- There are two types of electric stoves: traditional electric resistance stoves and modern induction stoves. An electric stove sends electricity into a resistive coil that radiates heat to your pan. Induction cooking is performed on an electric stove using energy transferred through a magnetic field directly to the cooking pan.
- Heat Pump Clothes Dryer (Up to $840)
- Heat pump clothes dryers sends air through an evaporator that will remove moisture, rather than releasing humid air through a traditional dryer vent.
- Upgraded Electric Panels (Up to $4,000)
- Inefficient or outdated electric panels cannot supply power to new appliances when existing circuits cannot handle the additional load. Upgrading electric panels, especially in older homes, would greatly reduce the risk of electrical fires due to an overload and allow for the system to work more efficiently.
- Upgraded Electric Wiring (Up to $2,500)
- Electric wiring upgrades with higher voltage outlets is often required for a number of electric appliances, such as EV chargers, induction stoves, and most heat pumps.
- Weatherization (Up to $1,600)
- Weatherization of your home includes air sealing, ventilation, and insulation upgrades to make your home more energy-efficient.
Home Owner Managing Energy Savings Rebate HOMES (Up to $8,000, Rollout Timing TBD)
DESCRIPTION
The Inflation Reduction Act will allocate funds to help American families undertake comprehensive energy-efficient home improvement projects through the Home Owner Managing Energy Savings (HOMES) rebate program. These rebates will benefit households that have undergone energy efficiency retrofits with modeled or verifiable minimum energy use reductions. You can find an update of your state energy office’s application status with the Department of Energy for these rebates as these funds are being rolled out. State energy offices will provide additional guidance on the HOMES rebate program and we will update this website as rebates become available to homeowners.
Please note that homeowners can only receive a rebate from either the HEEHRA or the HOMES program—not both. However, it is expected that homeowners will be eligible, pending DOE guidance, to combine both a rebate from either of these two rebate programs with an energy efficiency tax credit at the same time.
ELIGIBILITY
Unlike the HEEHRA program, the HOME rebates program is not income-restricted but is rather based on the modeled or measured energy savings from your energy efficiency upgrades.
Qualifying Households:
The energy-saving incentive tiers are as follows:
- Retrofits with modeled energy system savings of 35% or more: the lesser of $4,000 or 50% of project costs.
- Retrofits with modeled energy system savings of 20-34%: the lesser of $2,000 or 50% of project costs.
- Retrofits with measured energy savings of 15% or more: the lesser of $100 per percent of energy saved or 50% of project cost.
Incentives for low-income households (less than 80% of Area Median Income) are doubled, or up to 80% of project costs.
Additional Resources:
Note: This resource page was compiled to raise awareness of new energy and electrification incentives for constituents and is not intended to substitute for professional financial advice.
For Nonprofits and Governments
The Inflation Reduction Act is a game-changer for public and nonprofit entities looking to take a front-seat role in building the American efficient energy economy. Thanks to IRA’s transformative “direct pay” provisions, tax-exempt and governmental entities can now receive a cash payment equal to the full value of the tax credit for eligible efficient energy investments.
Historically, tax-exempt entities such as schools, local governments, and nonprofit organizations have not been able to access tax credits used to reduce an entity’s tax liability and instead relied on the uncertainty of competitive grant and loan programs. Direct pay will now allow these entities to recover a significant portion of an efficient energy project’s cost as a tax-free cash payment from the U.S. Internal Revenue Service (IRS) for the taxable year the project is placed in service. This allows public and nonprofit entities that would like to deliver efficient and affordable energy to their communities a chance to access our federal energy benefits.
WHO IS ELIGIBLE: The following entities are eligible for direct payment.
- State and Tribal Governments: States, counties, cities, and municipal utilities, Tribal governments, and governments of U.S. territories.
- Public Institutions: Public institutions governed by a political body (e.g. public schools, hospitals, and universities).
- Nonprofit Entities: Entities that are considered 501(c)(3) organizations or other entities that are not required to pay federal income tax.
- Other Eligible Entities: Rural electric cooperatives
TO START YOUR CLAIM FOR DIRECT PAY: Entities that would like to utilize direct pay must pre-register with the IRS before the tax return is due and receive a registration number. Information on the IRS pre-filing registration process can be found here.
- Identify the project and credit you want to pursue.
- Complete your project, place it into service, and determine the corresponding tax year.
- Determine when your tax return will be due.
- Complete pre-filing registration with IRS before your tax return is due.
- Once you receive a valid registration number, file your tax return by the due date, including extensions.
- Receive your direct payment.
Learn more about direct pay here.
BONUS CREDITS: Through the Inflation Reduction Act, eligible entities can also maximize the value of direct pay by utilizing “bonus credits” that incentivize investments in our energy workforce and low-income and energy transition communities. Particularly, entities can receive the full value of the credit by meeting labor standards, utilizing domestic content, and locating projects in disadvantaged communities.
Learn more about maximizing your energy tax credits here.
TAX CREDITS:
Clean Energy Production Tax Credit: §45 (Up to $27.50/MWh and an additional 20% in bonus credits may apply)
DESCRIPTION
This production tax credit provides a technology-neutral tax credit for production of energy efficient electricity. Energy sources can include wind, biomass, geothermal, solar, small irrigation, landfill and trash, hydropower, and marine and hydrokinetic renewable energy.
The current base PTC value is $5.50/MWh, with enhanced values of $27.50/MWh for projects meeting the prevailing wage and apprenticeship requirements or for those less than 1 MW. Projects can further increase the credit value by 10% for meeting domestic content requirements and an additional 10% for projects located in energy communities.
Current Production Tax Credit Structure
|
PROJECT SIZE
|
BASE INCENTIVE
|
ENERGY COMMUNITY BONUS
|
DOMESTIC CONTENT BONUS
|
TOTAL POSSIBLE
|
|
< 1 MW
|
$27.50/MWh
|
$2.75/MWh
|
$2.75/MWh
|
$33.00/MWh
|
|
> 1 MW
|
$5.50/MWh
|
$0.55/MWh
|
$0.55/MWh
|
$6.6/MWh
|
|
> 1 MW that meets prevailing wage and apprenticeship requirements
|
$27.50/MWh
|
$2.75/MWh
|
$2.75/MWh
|
$33.00/MWh
|
Source: DOE Water Power Technologies Office
Learn more about the clean energy production tax credit here.
USE CASE EXAMPLES
Governments: A local government that owns and operates a municipal water utility can receive an efficient energy production tax credit for installing floating solar on recycled water ponds at their wastewater facility.
Public Institutions Schools that install rooftop solar are eligible to receive this tax credit and can receive additional bonus credits for being located in an energy community.
Nonprofits: Nonprofits can install solar panels on the roof of its headquarters and receive a clean energy production tax credit.
ACCESS
To claim the credit, the applicable entity must complete the pre-filing IRS electronic portal, file the applicable Form 990 (Form 990-T Exempt Organization Business Income Tax Return if the applicable entity does not otherwise file an income tax return), Form 3800 General Business Credit, and Form 8835, Renewable Electricity Production Credit.
Clean Energy Investment Tax Credit: §48 (Up to 30% and an additional 40% in bonus credits may apply)
DESCRIPTION
This investment tax credit provides a technology-neutral tax credit for investment in facilities that generate energy efficient electricity. Eligible projects include solar photovoltaics, geothermal heating, battery storage, and more.
The base credit value is 6% and an enhanced value of 30% for projects meeting prevailing wage and apprenticeship requirements or for those less than 1MW. Projects can receive bonus credit of up to 10 percentage points for meeting domestic content requirements and up to 10 percentage points for projects in energy communities.
The Inflation Reduction Act also offers an additional Low-Income Communities Bonus Credit that is only available to projects using the Investment Tax Credit and is subject to a 1.8 GW program cap per year. This bonus provides projects that are under 5 MW either:
- An additional 10% tax credit for being located in a low-income community or is located on tribal land.
- An additional 20% tax credit for being classified as a “qualified low-income residential building project” or “qualified low-income economic benefit project".
Learn more about the Low-Income Communities Bonus Credit here.
Clean Electricity Investment Tax Structure
|
PROJECT SIZE
|
BASE INCENTIVE
|
ENERGY COMMUNITY BONUS
|
DOMESTIC BONUS CONTENT
|
TOTAL POSSIBLE
|
|
< 1 MW
|
30%
|
10%
|
10%
|
50%
|
|
> 1 MW
|
6%
|
2%
|
2%
|
10%
|
|
> 1 MW that meets prevailing wage and apprenticeship requirements
|
30%
|
10%
|
10%
|
50%
|
Source: DOE Water Power Technologies Office
Learn more about the clean energy investment tax credit here.
USE CASE EXAMPLES
Governments: A federally recognized Tribe can access the investment tax credit to build a solar array to power their community center. On top of that 30-50% incentive for projects that are <5 MW, a Tribe may qualify for an additional 20% off the capital cost under the Low-Income Communities Bonus Credit program (up to a total of 70%).
Public Institutions: Schools can access the investment tax credit for qualified costs of renewable energy projects such as solar, geothermal heating, battery storage, and more.
Nonprofits: Nonprofits can use this investment tax credit for projects such as community solar development or to install solar panels on the roof of their building.
ACCESS
To claim the credit, the applicable entity must complete the pre-filing IRS electronic portal, file the applicable Form 990 (Form 990-T Exempt Organization Business Income Tax Return if the applicable entity does not otherwise file an income tax return), Form 3800 General Business Credit, and Form 3468, Investment Credit.
Commercial Clean Vehicle Tax Credit: §45W (Up to $40,000)
DESCRIPTION
Businesses and tax-exempt organizations that buy a qualified commercial energy efficient vehicle can receive a clean vehicle tax credit of up to $40,000. The maximum credit is $7,500 for qualified vehicles with gross vehicle weight ratings (GVWRs) of under 14,000 pounds and $40,000 for all other vehicles.
Learn more about the Commercial Clean Vehicle Tax Credit here.
USE CASE EXAMPLES
Governments: A city purchases a large electric garbage truck for municipal waste collection. Through the Commercial Clean Vehicle Credit, the city can receive up to 30% or $40,000 whichever is lower.
Public Institutions: Schools can take advantage of this tax credit for the purchase of commercial electric vehicles such as food service vehicles or electric school buses.
Nonprofits: Nonprofits including faith-based institutions can take advantage of this tax credit for commercial electric vehicles that are used to deliver food to the elderly or homeless.
ACCESS
To claim the credit, the applicable entity must complete the pre-filing IRS electronic portal, file the applicable Form 990 (Form 990-T Exempt Organization Business Income Tax Return if the applicable entity does not otherwise file an income tax return), Form 3800 General Business Credit, and Form 8936-A Qualified Commercial Clean Vehicle Credit.
Charging Infrastructure Property Credit: §30C (Up to $100,000)
DESCRIPTION
This tax credit is available to entities that install qualified vehicle refueling and recharging property at their location. The refueling property must be used to store or dispense clean-burning fuel, placed in service during the tax year, and primarily inside the United States. The Inflation Reduction Act expands qualified property to include charging stations for 2- and 3- wheeled vehicles, and bidirectional charging equipment. This incentive provides a credit of up to 30% of the cost (with a $100,000 limit) for qualified alternative fuel vehicle refueling property placed in service by applicable entities if certain prevailing wage and apprenticeship requirements are met.
Starting in 2023, qualifying property will be limited to property placed in service within low-income communities or non-urban census tracts. Find out if your location is eligible for this tax credit with guidance from the Department of Energy’s 30C Tax Credit Eligibility Locator (this mapping tool is intended to reflect all eligible locations for the 30C credit but is not formal IRS guidance).
Learn more about the Charging Infrastructure Property Tax Credit here.
USE CASE EXAMPLES
Governments: Local governments can receive this 30% property credit for electric vehicle charging stations installed in low-income communities or non-urban census tracts.
Public Institutions: Schools can receive this 30% property credit toward the purchase and installation of EV and electric school bus charging equipment placed in service within low-income communities or non-urban census tracts.
Nonprofits: Nonprofits can receive this 30% property credit for electric vehicle charging installed in low-income communities or non-urban census tracts.
ACCESS
To claim the credit, the applicable entity must complete the pre-filing IRS electronic portal, file the applicable Form 990 (Form 990-T Exempt Organization Business Income Tax Return if the applicable entity does not otherwise file an income tax return), Form 3800 General Business Credit, and Form 8911, Alternative Vehicle Refueling Property Credit.
Grants:
Environmental and Climate Justice Block Grants
DESCRIPTION
This $3 billion from the Environmental Protection Agency funds community-led efforts in pollution monitoring, prevention, remediation, and more. Created by the Inflation Reduction Act under the Clean Air Act, this program provides funding for financial and technical assistance to carry out environmental and climate justice activities to benefit underserved communities. The EPA’s IRA Disadvantaged Communities Map can help potential applicants identify whether a community is disadvantaged for the purposes of implementing programs, such as this one, under the IRA.
Learn more here.
ELIGIBLE ENTITIES
- Governments
- Public Institutions
- Nonprofits
Greenhouse Gas Reduction Fund
DESCRIPTION
The Solar for All competition under the Greenhouse Gas Reduction Fund is a $7 billion competitive grant funding opportunity run by the Environmental Protection Agency. These funds will go towards 60 recipients to expand access to residential and community solar.
The National Clean Investment Fund is $14 billion in competitive grant funding for 2-3 national nonprofits partnering with private capital providers to catalyze clean technology projects.
The Clean Communities Investment Acceleration is $6 billion in competitive grant funding for 2-7 hub nonprofits to finance clean technology projects and pollution-reducing initiatives.
Learn more about the Greenhouse Gas Reduction Fund here.
ELIGIBLE ENTITIES
Clean Heavy-Duty Vehicle Grant and Rebate Program
DESCRIPTION
The Clean Heavy-Duty Vehicle Grant and Rebate Program invests $1 billion from the Environmental Protection Agency to local governments, Tribes, non-profit school transportation associations to invest in zero-emission vehicles and infrastructure.
Learn more here.
ELIGIBLE ENTITIES
Technical Assistance for the Adoption of Building Energy Codes
DESCRIPTION
The Technical Assistance for the Adoption of Building Energy Codes is $1 billion from the Department of Energy to state and local governments that can be used to adopt, implement, and enforce the latest model, zero energy codes or equivalent codes and standards.
Learn more here.
ELIGIBLE ENTITIES
Charging and Refueling Infrastructure Grant Program
DESCRIPTION
The Charging and Refueling Infrastructure Grant Program invests $2.5 billion from the Department of Transportation to states and local governments and other public entities to deploy more charging and refueling infrastructure along “Alternative Fuel Corridors”.
Learn more here.
ELIGIBLE ENTITIES
Climate Pollution Reduction Grants
DESCRIPTION
The Climate Pollution Reduction Grants (CPRG) program provides $5 billion in grants to states, local governments, tribes, and territories to develop and implement ambitious plans for reducing greenhouse gas emissions and other harmful air pollution. Through the Inflation Reduction Act, this two-phase program provides $250 million for noncompetitive planning grants, and approximately $4.6 billion for competitive implementation grants.
Learn more here.
ELIGIBLE ENTITIES
Air Pollution Monitoring and Screening Grants
DESCRIPTION
Through the Inflation Reduction Act, EPA will provide grants to reduce pollution in neighborhoods where people live, work, play, and go to school. Funding includes funds that will support community air pollution monitoring ($117.5 million), multipollutant monitoring ($50 million), reduce diesel emissions ($60 million), and more.
Learn more here.
ELIGIBLE ENTITIES
Grants to Reduce Air Pollution At Ports
DESCRIPTION
The Inflation Reduction Act provides EPA with $3 billion to fund zero-emission port equipment and technology and to help ports develop climate action plans to reduce air pollutants at U.S. ports. EPA anticipates this new funding opportunity will become available for application through a notice of funding opportunity (NOFO) released in late winter 2024.
Learn more here.
ELIGIBLE ENTITIES
Clean School Bus Program
DESCRIPTION
With funding from the Bipartisan Infrastructure Law, EPA’s Clean School Bus (CSB) Program provides $5 billion over five years (FY 2022-2026) to replace existing school buses with zero-emission and low-emission models. Under the Program's first funding opportunity, the 2022 CSB Rebates, EPA awarded up to $965 million to fund school bus replacements at nearly 400 schools. EPA anticipates awarding at least $400 million under the 2023 CSB Grants Program Notice of Funding Opportunity (NOFO).
Learn more here.
ELIGIBLE ENTITIES
Additional Resources:
Note: This resource page was compiled to raise awareness of new clean energy and electrification incentives for constituents and is not intended to substitute for professional financial advice.
