Save the Date! Partnership for Rhode Island and Compete RI, alongside the Rhode Island Office of Energy Resources, Rhode Island Infrastructure Bank, and Climate Jobs Rhode Island, are excited to present the IRA Technical Assistance Summit: Unlock Federal Investments in Your Community on October 10th at the Graduate Providence Hotel.
RSVP Here: https://bit.ly/3Zp0qFs
The Inflation Reduction Act (“IRA”) has created a groundbreaking opportunity for communities to utilize federal funding to address infrastructure projects and community climate change initiatives. In addition to infrastructure projects, these funds can be used to lower operating costs for heating and cooling, address climate change and promote environmental justice initiatives, such as investing in renewable energy, facilitating 21st century school facilities, creating green spaces, and reducing carbon emissions. Elective Pay (aka “Direct Pay”) is one of the many tools included in the Inflation Reduction Act.
One of the IRA’s most important provisions allows tax-exempt entities like local governments, cities, churches, schools, hospitals, public utilities, and community groups to receive credits directly - in the form of cash payments - to deploy renewable energy projects. Network and meet directly with technical assistance providers to learn more about this opportunity to include in your infrastructure project planning and financing considerations.