Climate Cabinet Education is here to help you with the what, when, and how of getting federal climate dollars into your community – starting with these resources. If you’re a local leader who wants to utilize this historic funding but could use some extra assistance, reach out to us – we’d love to talk one-on-one and help you bring your ideas to fruition.
A Guide for Leaders of Public Power Utilities
There are nearly 2000 munis across the country. These utilities manage about 100 million buildings, are responsible for about 56,000 megawatts (MW) of energy generation capacity, and serve about 49 million customers. Additionally, about 86% of muni’s electricity comes from dirty sources – including about 56% of electricity coming from coal, 20% from gas, about 13% from hydro, about 8% from petroleum; 2% from biomass, and less than 1% from wind and solar combined.
Climate Cabinet Education’s guidebook will help public power leaders use dollars provided by the Inflation Reduction Act to drive down these numbers, lower pollution emission rates, and cut customers’ utility costs nationwide.
Driving Clean Transportation
The Inflation Reduction Act has laid out some tools for municipalities to encourage faster and more equitable transformation of the transportation sector, which makes up 29% of total emissions in the United States.
Developing Clean Energy Infrastructure
Munis are now afforded greater financial access to owning clean energy assets thanks to the new rule changes in Direct Pay (a.k.a Elective Pay or Transferability) eligibility. Meanwhile for munis who have existing fossil generation assets, the IRA’s Energy Infrastructure Reinvestment financing can be a source of very low-cost capital to support projects that reinvest in these communities.
When it comes to emissions from energy use, residential and commercial buildings make up a significant portion of the total footprint in the US, requiring heating and cooling, powering of gas and electric appliances, and general electricity. Over time, energy efficiency in new buildings has vastly improved thanks to technology and regulation, but there is still a lot of investment that must be made in renovating existing buildings and continuing to forge on with efficient, electric buildings run on clean energy. The IRA presents an array of investments and incentives that can support cities—especially those with munis—as they pursue an affordable, decarbonized building sector in their communities.
Clean Energy Tax Credit Bonuses Map
With this new tool from Climate Cabinet Education, discover which parts of your community have the potential to maximize the benefits of the historic federal climate investments from the Inflation Reduction Act. Areas meeting key eligibility criteria will qualify for even greater levels of funding.