Federal Funding
Hawaii Energy has been tracking federal funding opportunities related to clean energy and has identified which ones would benefit the state and local businesses.
As an energy efficiency expert with a strong, positive reputation in the community, Hawaii Energy stands ready to support government, business and nonprofit organizations seeking federal funding. Our team can provide strategic and analytic resources for grant applications and funding distribution planning.
The passage of the Inflation Reduction Act in August 2022 has energized many in the clean energy industry. The federal bill will support clean energy, clean transportation, energy storage and energy efficiency by making available nearly $370 billion in tax incentives, grants and other investments. According to the White House, the funding will help lower energy costs for Hawaii families through rebates for energy-efficiency appliances and home repairs/improvements. It will also provide tax credits for the installation of solar panels and battery storage systems and community solar projects. And for those looking to purchase an electric vehicle, the Inflation Reduction Act promises to provide upfront discounts up to $7,500 for new EVs and $4,000 for used EVs for eligible residents. Hawaii Energy is awaiting details on the timing for the release of these funds and is collaborating with state agencies on these opportunities.
Infrastructure BillSigned in 2021, the Bipartisan Infrastructure Investment and Jobs Act (IIJA, or Infrastructure Bill) is providing $1 trillion in funding to be shared between states and local governments to upgrade outdated infrastructure, such as roads, bridges, broadband and energy projects.
There are two pathways to access the funding —a portion will go directly to state and government agencies via formula funding, while the remainder will be made available to a wider audience through competitive grants.
In the energy sector, there are a variety of opportunities for the implementation of energy efficiency-related measures and improvements. In the transportation sector, U.S. Senator Brian Schatz announced on February 10, 2022 that Hawaii will receive more than $2.6 million in new funding to expand its network of electric vehicle charging stations. Schatz said that funds can be applied for the installation and operation of EV charging stations.
For a complete list of energy-related opportunities, please visit the Hawaii Energy Policy Forum's dedicated webpages:
Hawaii Energy-related News Clips
Resources
Infrastructure Investment and Jobs Act- Building a Better America
- DOE Fact Sheet: The Bipartisan Infrastructure Deal Will Deliver For American Workers, Families and Usher in the Clean Energy Future (U.S. Department of Energy website)
- USDOT Releases State by State Fact Sheets Highlighting Benefits of the Bipartisan Infrastructure Law (U.S. Department of Transportation website)
- President Signs Infrastructure Bill Into Law, At Least $2.8 Billion In New Federal Funding Heading To Hawai‘i, Even More Expected (U.S. Senator Brian Schatz’s website)
Inflation Reduction Act