Iowa’s individuals, businesses, nonprofits, and government entities will be able to access new programs created by the recent passage of federal legislation. These federal investments in local projects and priorities can improve our resiliency and increase economic and energy security.
In November 2021, the Infrastructure Investment and Jobs Act (IIJA) was signed into law. It will invest $1.2 trillion into community infrastructure projects over the next decade.
In August 2022, the Inflation Reduction Act (IRA) was signed into law. The IRA is the largest climate investment in U.S. History, supporting $370 billion in programs that benefit households, businesses, and communities. Implementation of IRA programs would put the country on the path of reducing emissions 40% by 2030.
Consumers can lower their energy costs with programs geared toward home energy efficiency upgrades, home electrification, clean energy installation, and electric transportation.
The IRA expands opportunities for Iowa businesses to take advantage of cost-saving tax credits to generate and store clean energy, electrify fleet vehicles, and to reduce energy waste.
The IRA expands opportunities for non-profits, churches, rural electric cooperatives, and other tax-exempt entities to take advantage of cost-saving tax credits to generate and store clean energy, receive financial assistance, and to receive grants.
The IRA expands opportunities for government entities, including state agencies, universities, public schools and local government, to take advantage of cost-saving tax credits to generate and store clean energy. The IRA and the IIJA will also provide grant funding to target specific priorities at the local level.
The IRA expands opportunities for non-profits, churches, rural electric cooperatives, and other tax-exempt entities to take advantage of cost-saving tax credits to generate and store clean energy, receive financial assistance, and to receive grants.
The IRA expands opportunities for government entities, including state agencies, universities, public schools and local government, to take advantage of cost-saving tax credits to generate and store clean energy. The IRA and the IIJA will also provide grant funding to target specific priorities at the local level.
The IIJA creates opportunities for state, local, and tribal governments, drinking water and wastewater utilities, and non-profits to expand clean water treatment and protections and implement resilient, natural infrastructure projects.
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