The paper is arranged around key financial considerations that a community entity might weigh: the benefits desired from the project, the costs to provide those benefits, project ownership, pursuing tax credits, and additional sources of capital. . The Inflation Reduction Act of 2022 makes billions of dollars available for clean energy technology like energy storage. This definition generally aligns with the kinds of entities that are now eligible to access energy storage tax credits through the new. . The Powering Affordable Clean Energy (PACE) offered $1 billion in funding for renewable and energy storage technologies through partially forgivable loans. When deployed strategically, these mechanisms can give organizations the financial tools to install projects that accomplish their energy goals.
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