What energy funding is available in 2024?

Ken Ahmann - Colusa Indian Energy
Written By Kevin Klingbeil

Ken Ahmann - Colusa Indian Energy says:

One of the biggest sources of funding Tribes should be aware of today is still the IRA, which offers up to 70% of the total project’s cost back in a direct payment from the IRS post-commissioning. We partner with KPMG to ensure that these complex requirements are met for every project we develop.

New Markets Tax Credits are still available to help offset up to 30% of the capital needed on the front end of clean energy projects, via guaranteed forgivable loans. We partner with Travois on this one, but there are many independent CDE’s with expertise in this field. This free mapping tool will tell you whether your Tribe’s land qualifies for NMTC.

To bridge these tax incentives, there are many grants available to Tribes. Look into the DOE’s Office of Indian Energy, USDA, EPA, DOI, CEC, among other agencies offering massive funding opportunities in this space.

Finally, the DOE Loan Programs Office has a $20BN fund available for Tribal energy projects and they are lending this money at Treasury + ⅜%, which is literally the cheapest money on earth. This one is a little tricky, considering they are targeting minimum $100M projects and it costs over $1M just for the DOE LPO to complete their due diligence, before making a decision to fund a project.

Energy
Grant for Infrastructure, Renewable Energy, & Develop Climate and Clean Energy Plans
Energy, Infrastructure & Utilities
Grant for Infrastructure, Renewable Energy, & Develop Climate and Clean Energy Plans
Energy, Infrastructure & Utilities

EECBG Program provides $8.8 million to 774 eligible Tribes, including Alaska Native Regional and Village and can be used to upgrade buildings, install renewable energy equipment, or develop climate and clean energy plans.

Energy, Infrastructure & Utilities
$120 Million Grant to Support Native American Tribes Build Climate Resilience - 2024 Annual Awards Program
Energy, Infrastructure & Utilities
$120 Million Grant to Support Native American Tribes Build Climate Resilience - 2024 Annual Awards Program
Energy, Infrastructure & Utilities

The BIA’s Branch of Tribal Climate Resilience program will support federally recognized Tribes and Tribal organizations as they address current and future climate change impacts on Tribal Treaty and Trust resources, economies, regenerative agriculture, food sovereignty, conservation practices, infrastructure, and human health and safety. All 2024 award applications must be submitted online by October 18, 2024.

Energy, Infrastructure & Utilities
Resource to Fund 50% of Solar Projects for Multifamily Owners, PHA’s, Tribes, and Communities
Energy
Resource to Fund 50% of Solar Projects for Multifamily Owners, PHA’s, Tribes, and Communities
Energy

The Low-Income Communities Bonus Credit Program (48e) promotes cost-saving solar or wind investments in low-income communities, on Native American/tribal land, as part of affordable housing developments, and benefiting low-income households. Under this program, there are opportunities that can help fund 50% of solar project costs at Federally-assisted residential properties.

Energy
Clean Energy Tax Credits For Tribal Governments, Alaska Native Corporations, and Tax-Exempt Organizations; Inflation Reduction Act
Energy
Clean Energy Tax Credits For Tribal Governments, Alaska Native Corporations, and Tax-Exempt Organizations; Inflation Reduction Act
Energy

The Inflation Reduction Act of 2022 (IRA) has multiple clean energy tax credits available to Tribal governments, Alaska Native Corporations, businesses; tax-exempt organizations; state, local, and governments; other entities; and individuals.

Energy
Renewable Energy Certificates (RECs)
Energy
Renewable Energy Certificates (RECs)
Energy
Energy
Clean Energy Funding Opportunities for American Indian Tribes and Alaska Native Communities
Energy
Clean Energy Funding Opportunities for American Indian Tribes and Alaska Native Communities
Energy

The Office of Indian Energy provides financial assistance on a competitive basis to develop and deploy clean energy infrastructure and technology, and this table lists current clean energy funding and related opportunities for Indian Tribes and Tribal entities from the U.S. Department of Energy and other federal agencies and entities.

Energy
What the IRA Means for Tribal Nations – and Why They Must Lead on Decarbonization
Energy
What the IRA Means for Tribal Nations – and Why They Must Lead on Decarbonization
Energy

There are significant current opportunities for tribes to leverage federal funds to finance energy and decarbonization projects since “recent laws such as the America Rescue Plan, the Bipartisan Infrastructure Law, and the Inflation Reduction Act (IRA) include allocations specifically for Tribal and Native communities.” In an effort to support self-determination, these funds are critical for tribes to “prosper and flourish on their own terms.”

Energy
The Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization
Energy
The Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization
Energy

Historical investments from the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) provide a once-in-a-generation opportunity to transform energy communities and create boundless opportunities for communities to redevelop and revitalize.

Energy
Federal Energy Funding for Rural and Remote Areas
Energy, Rural Development, Guide
Federal Energy Funding for Rural and Remote Areas
Energy, Rural Development, Guide

This guide for communities looking to plan or build clean energy projects provides an overview of many federal programs that offer funding or advice to support these types of projects.

Energy, Rural Development, Guide
 
Kevin Klingbeil
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