3-year grants are available for projects related to climate change and air pollution, including air pollution monitoring, extreme heat risk mitigation, resiliency and adaptation, indoor pollution reduction, and community engagement.
Funds available until September 30, 2031.
$200 million.
Grants to improve transportation access and mitigate negative safety or environmental impacts in underserved communities, for improvements to reduce air pollution and GHG emissions, manage stormwater run-off, address urban heat islands, and to monitor air quality, transportation related GHG emissions and pollution, and gaps in tree canopy coverage. Federal cost share of a project up to 80%, or in a disadvantaged or underserved community may be up to 100%.
Funds available until September 30, 2026.
$1.893 billion for competitive grants, $50 million for technical assistance, and $1.262 billion for disadvantaged communities.
Provides EPA funding for grants to state, local, regional, and Tribal programs that provide financial support to low and zero carbon technologies and can act as seed capital for regional, local, state, or Tribal green banks that provide financial support for low or zero emission projects.
Funds available until September 30, 2026.
$2.8 billion to the EPA for grants and $200 million for technical assistance to eligible entities.
Grants to improve transportation access and mitigate negative safety or environmental impacts in underserved communities, for improvements to reduce air pollution and GHG emissions, manage stormwater run-off, address urban heat islands, and to monitor air quality, transportation related GHG emissions and pollution, and gaps in tree canopy coverage. Federal cost share of a project up to 80%, or in a disadvantaged or underserved community may be up to 100%.
Funds available until September 30, 2024, except administrative cost grants until September 30, 2031.
$11.97 billion competitive grants for financial assistance and technical assistance, $7 billion for zero emission technology in low income and disadvantaged communities, $8 billion for financial assistance and technical assistance in low income and disadvantaged communities, and $30 million for administrative costs.
30% investment tax credit for solar, small wind, geothermal, fuel cell, microturbine, combined heat and power, waste energy recovery, energy storage technology, and biogas constructed before January 1, 2025.
Open immediately, Projects must be constructed by January 1, 2025.
30% of project cost, no maximum to be claimed.
Production tax credit of 1.5 cents/kilowatt hour (inflation adjusted to 2.6 cents / kwh) for solar, geothermal, wind, closed- and open-loop biomass, landfill gas, municipal solid waste, hydropower, and marine and hydrokinetic facilities.
Open immediately, Projects must be constructed by January 1, 2025.
N/A
30% technology neutral investment tax credit replaces Section 48 with an emissions-based investment tax credit that is neutral and flexible between clean electricity technologies. Taxpayers choose between a PTC (45Y) and an ITC (48E).
Credits start January 1, 2025 and begin to be reduced after January 1, 2034 or when emission targets are achieved (i.e., the electric power sector emits 75% less carbon than 2022).
30% of project cost, no maximum to be claimed.
Technology neutral production tax credit replaces Section 45 with an emissions-based production tax credit that is neutral and flexible between clean electricity technologies. Credit of 1.5 cents/kwh (inflation adjusted projected at 2.8 cents/kwh). Taxpayers choose between a PTC (45Y) and an ITC (48E).
Credits start January 1, 2025 and begin to be reduced after January 1, 2034 or when emission targets are achieved (i.e., the electric power sector emits 75% less carbon than 2022).
N/A
Under the Inflation Reduction Act, ITC and PTC projects may be eligible for “adder” or bonus credits for projects meeting certain requirements. See additional details for criteria.
Credits available beginning January 1, 2023.
Criteria for bonus eligibility:
The Clean Water SRF funds wastewater treatment, sewer rehabilitation, and stormwater quality improvements, as well as non-point source projects.
Applications due quarterly.
$24,088,000 annually from 2022-26, 49% available as forgivable loans
The Drinking Water SRF funds water treatment plants or improvements to existing facilities, water line extensions to existing unserved properties, water storage facilities, wells, and source water protection efforts.
Applications due quarterly.
$28,504,000 annually from 2022-26; 49% available as forgivable loans.
This program is designed to address discharges of PFAS and other emerging contaminants through wastewater and potentially nonpoint sources of pollution. Emerging Contaminants refer to substances and microorganisms, including manufactured or naturally occurring physical, chemical, biological, radiological, or nuclear materials, which are known or anticipated in the environment, that may pose newly identified or re-emerging risks to human health, aquatic life, or the environment. These substances, microorganisms, or materials can include many different types of natural or manufactured chemicals and substances – such as those in some compounds of personal care products, pharmaceuticals, industrial chemicals, pesticides, and microplastics.
Intended Use Plan for this funding is currently under development.
$1,265,000 in 2022, $2,868,750 annually for 2023-26, 100% available as forgivable loans.
This program is designed to reduce people’s exposure to PFAS and other emerging contaminants through their drinking water. The DWSRF Program will consider any project that is either preventative in nature or addresses a known PFAS or emerging contaminant issue. Any contaminant listed in any of EPA’s Contaminant Candidate Lists 1-5 is considered eligible.
Intended Use Plan for this funding is currently under development.
$11,969,000 annually from 2022-26, 100% available as forgivable loans.
This funding is available for projects or activities that are otherwise DWSRF eligible and are a lead service line replacement project or associated activity directly connected to the identification, planning, design, and replacement of lead service lines. Any project funded under this appropriation involving the replacement of a lead service line must replace the entire lead service line, not just a portion, unless a portion has already been replaced or is concurrently being replaced with another funding source.
Intended Use Plan for this funding is currently under development.
$44,913,000 annually from 2022-26, 49% available as forgivable loans.
This program funds the construction of authorized water resources projects to increase aquatic ecosystem restoration, including $1 billion for multipurpose projects or programs that include aquatic ecosystem restoration as a purpose.
No application deadlines. FY22 Application is currently open.
$1.9 billion total:
Provides technical and financial assistance for the planning, design, and construction of projects that address resource concerns in a watershed.
Expected Notice of Funding Opportunity for FY22 is in Q1 2023.
$500 million.
Grant funding available to reduce or eliminate the risk of repetitive flood damage to buildings or structures insured by the National Flood Insurance Program. Funds may be used for projects such as Project Scoping, Technical Assistance, Community Flood Mitigation Projects, Individual Structure/Property-Level Flood Mitigation Projects, and Management Costs.
FY2022 application period is open until Jan. 27, 2023.
$3.5 billion, 0-25% match required.
Funding for engineering and construction of authorized environmental infrastructure projects which provide safe water supply, waste disposal, and pollution control to cities and towns to protect human health and safeguard the environment.
This pilot program is designed to carry out feasibility studies for flood risk management and hurricane and storm damage risk reduction projects that incorporate natural features or nature-based features for rural communities and economically disadvantaged communities.
Spending plan will be developed in FY2023.
$30 million, no match required.
The Building Resilient Infrastructure and Communities program makes federal grant funding available to states, local communities, tribes, and territories for hazard mitigation projects to reduce risks from disasters and natural hazards.
FY2022 application period is open until Jan. 27, 2023.
$1 billion; 75% federal and 25% non-federal cost-share; 90% federal/10% non-federal cost-share for Economically Disadvantaged Rural Communities.
This funding is for technical and financial assistance to remove barriers and restore aquatic connectivity. Applicants must work with a Fish and Wildlife Conservation Office biologist to be considered for funding.
Application closes December 31, 2023.
$38,000,000
50% typically required.
Minimum award: $100,000; Maximum award $2,000,000
This program provides credit assistance to creditworthy borrowers for projects to maintain, upgrade, and repair dams identified in the National Inventory of Dams owned by non-federal entities.
LOIs accepted on an ongoing basis beginning September 6, 2022.
Funds Available: $75 million; $64 million for loans and $11 million for program administration.
Starting in 2023, states, schools, and local governments can receive direct payment of investment tax credits and production tax credits for solar, small wind, geothermal, fuel cell, microturbine, combined heat and power, waste energy recovery, energy storage technology, and biogas.
Under the IRA, owners of renewable energy projects will be able to choose between an Investment Tax Credit (ITC) or Production Tax credit (PTC). An ITC reduces the cost of installing clean technologies, while PTCs credit project owners for the production of their clean technologies. Stand-alone storage is only eligible for the ITC. For greater detail on the timelines and credit amounts, see the linked tables:
The IRA includes provisions that make communities currently or recently hosting coal plants prime areas for renewable energy development that can keep jobs in the community and replace lost tax revenues. Learn more about these opportunities and how they can benefit Iowa communities in the overview below:
Disclaimer: Nothing in this summary should be interpreted as tax or legal advice.
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