Greenhouse Gas Reduction Fund (new clean energy financing)

What does this funding get me?

The Environmental Protection Agency (EPA) will provide $27 billion to states and large nonprofits, who will use the funds to improve the financing of clean energy for households, communities, businesses, and nonprofits, especially in low- to moderate-income areas. 

Am I eligible?

The money will go first to large entities (states and nonprofits). Then individuals, nonprofits, businesses, and communities will be able to apply to those entities for financing of their clean energy projects. 

The Greenhouse Gas Reduction Fund (GGRF) is actually 3 different funds, each of which will support different groups:

Solar for All ($7 billion to provide low-income households access to solar; see this separate page for details)  

National Clean Investment Fund (NCIF)

Grants were awarded in April 2024 to three national nonprofit clean financing institutions that will partner with the private sector to provide accessible, affordable financing for clean technology projects across the country. Funds will finance household, small business, nonprofit, tribal entity, and development projects with at least 40% going to low-income and disadvantaged communities. Awards went to:

Find more information on each of these recipients on their individual web pages (linked above). Their plans are described in their applications to EPA, available here.

Clean Communities Investment Accelerator (CCIA)

Grants were awarded in April 2024 to five hub nonprofits that will, in turn, deliver funding and technical assistance to build the clean energy financing capacity of local community lenders. 100% of funds will go to financing projects in low-income and disadvantaged communities. 

Community lenders that will receive support include public, quasi-public, not-for-profit, and nonprofit community lenders such as community development financial institutions (CDFIs), credit unions, green banks, housing finance agencies, and minority depository institutions.

Awards went to:

Find more information on each of these recipients on their individual web pages (linked above). Their plans are described in their applications to EPA, available here.

How can I access the money?

When the recipients announce their program design, we will update this page with information on how to access the funds. Meanwhile, you can sign up to receive email updates from each recipient on their web pages linked above.

What is the timeline?

The grant awards were announced in April 2024, and the grant money will be received between March and September 2024, after which recipients will begin distributing funds to specific clean energy projects.

What other incentives could I use to help me accomplish my goals?

If you are installing solar or battery storage, you are eligible for a tax credit. Even nonprofits can now receive the tax credit as a direct payment! Read more here:

Check the Database of State Incentives for Renewables & Efficiency (DSIRE) for additional incentives that may be offered by your state, local government, or utility, as well as important federal, state, and local policies. For questions regarding DSIRE, contact Justin Lindemann (NC Clean Energy Technology Center) at jplindem@ncsu.edu.

Where can I get more information?