Developing Clean Energy Projects
Is your city looking to advance clean energy initiatives? The Inflation Reduction Act includes a provision that provides non-taxable entities investing in clean energy with a direct payment option instead of tax credits. Local leaders can use direct pay as an option to develop clean energy projects. This training will focus on grant applications for various clean energy projects and help cities navigate financing solutions like the Greenhouse Gas Reduction Fund (GGRF) to turn sustainability goals into actionable projects.
Grant Summary
Overview
The Developing Clean Energy Projects Bootcamp equips city leaders with essential knowledge to maximize opportunities from the Inflation Reduction Act’s (IRA) Elective Pay provisions while navigating financing solutions like the Greenhouse Gas Reduction Fund (GGRF) and green banks. Designed for cities advancing clean energy initiatives, this bootcamp focuses on financing strategies that turn sustainability goals into actionable projects.
What Cities Will Get Out of This
Through interactive peer learning sessions, coaching, and 1:1 consultations with subject matter experts, participants will:
- Learn to prioritize clean energy projects that qualify for IRA Elective Pay, unlocking direct payments equal to federal tax credits.
- Explore financing options such as GGRF, the National Clean Investment Fund (NCIF), and state-specific revolving loan funds to fund projects and bridge gaps.
- Gain insights into integrating Elective Pay eligibility and project bonuses into procurement strategies to ensure compliance with funding requirements.
Challenges Cities Face
Many clean energy projects require multiple funding sources, not just grants. Successfully blending and braiding these funds and creating a sustainable financing plan demands a deep understanding of available financing tools, especially with new opportunities like the GGRF.
Who Should Enroll
This bootcamp is ideal for city managers, sustainability officers, and finance officers overseeing clean energy projects.
Why Clean Energy Project Development Matters
Developing clean energy projects is more than just planning and construction—it’s about ensuring the right financing, eligibility, and procurement strategies are in place from the start. By understanding how to align project goals with financing opportunities like Elective Pay and GGRF, cities can set themselves up for long- term success. Effective project development enables municipalities to maximize their access to federal incentives, reduce costs, and drive impactful clean energy initiatives that improve the quality of life for residents.