Environment Committee Meeting on 2-20-24: IRA Direct Pay, Rebates, and Tax Incentives
The Environment Committee met to learn more about the Inflation Reduction Act’s historic investments in clean energy and sustainability projects. For a Caucus news post about the meeting, go to: https://mayorscaucus.org/inflation-reduction-act-resources-for-communities-residents/
Presentations:
- Inflation Reduction Act: Incentives, Rebates and Direct Pay – speakers from National League of Cities (NLC), the United States Conference of Mayors, and AECOM
- Federal Direct Pay and the City of Chicago – Jared Policicchio, Deputy Chief Sustainability Officer and Deputy Commissioner, City of Chicago
- IRA Customer-Facing Tax Credits and Rebates – Joey Lee, Carbon Free Buildings Coordinator, Citizens Utility Board (CUB)
Resources for Local Governments:
- Cities Advancing Climate Action: Unlocking the Potential of the Inflation Reduction Act (IRA) – Alliance for a Sustainable Future, a joint effort by the U.S. Conference of Mayors, the Center for Climate and Energy Solutions (C2ES), and AECOM, July 2023
- IRS Elective Pay Overview
- IRS Pre-Registration Portal for elective pay, or direct pay
- Federal Funding Sources for Municipal Sustainability and Climate Action – National League of Cities article, April 13, 2023
- How Local Governments Can Use Direct Pay on Clean Energy Projects – National League of Cities article, Dec. 22, 2022
- Local Infrastructure Hub – includes bootcamps focused on different funding opportunities, such as elective pay, which is also known as direct pay
- Catalyzing Local Clean Energy: A Roadmap for Maximizing Inflation Reduction Act Opportunities and Community Benefits – Local Infrastructure Hub, September 2023
- Cities Advancing Climate Action: Federal Funds for Local Impact – Alliance for a Sustainable Future, January 2022
Resources for Your Residents:
- EPA Federal Tax Credits for Energy Efficiency
- CUB’s Guide to the Inflation Reduction Act – December 2022
- Rewiring America IRA Savings Calculator: How much money can you get with the Inflation Reduction Act?
Return to the Environment Committee webpage.