Site Provides Access Info for Inflation Reduction Act Funds
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A newly launched website, energyfundsforall.org, is aimed at helping North and South Carolina residents access funding for home and community energy projects under the Inflation Reduction Act (IRA) passed in 2022. The website provides information for homeowners, renters, landlords, nonprofits, local governments, tribal governments, and organizations engaged in workforce development. The site includes sections for different users, guides, and one-pagers to help users understand and apply for funding from the IRA.
Accessing Inflation Reduction Act (IRA) Funds Made Easier with New Website
Volunteers and organizations from North and South Carolina have launched energyfundsforall.org, a guide for residents to get support for energy projects at home and in the community.
Understanding the IRA and securing funding can be a challenge, but this new website aims to simplify the process. It offers organised sections for homeowners, renters, landlords, nonprofits, local governments, tribal governments and workforce development organisations.
Users can access comprehensive guides and one-pagers, making the most of the available funds. The site’s goal is not only to provide information but also to empower residents to apply for funding they are entitled to.
The Geos Institute is setting up a Southeast Navigator Network to help communities get access to funding for resilience against climate disasters. Both Ocracoke and Hatteras belong to these communities and will be assisted by the NC Office of Recovery and Resiliency.
IRA Provisions for Different Groups
For all businesses: Businesses can avail of at least a 30% tax credit for renewables, as well as tax credits for electric vehicles and EV chargers.
For rural businesses: The Rural Energy for America Program offers grants and loans for energy improvements.
For homeowners and renters: The Weatherization Assistance Project provides free energy efficiency improvements to low-income households and help with their bills.
By late 2024 or early 2025, the NC State Energy Office will offer the Home Efficiency Rebates (HER) and Home Electrification and Appliance Rebates (HEAR) programs, with more than $208 million allocated for energy efficiency rebates.
The Solar for All program will launch in 2025 to help households, especially those with low income, afford solar. Solar panels installations should be performed by qualified solar companies like Cape Fear Solar Systems.
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