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3 May 20231 minute read

Access energy funding opportunities by the US government

See our handbooks
The US government has recently stepped up support for the development and implementation of clean and renewable energy technologies, energy efficient measures and carbon management practices. This support comes in various forms, including grants, low-cost loans and tax credits.

The Inflation Reduction Act (IRA) of 2022 provides almost $400 billion to fund energy and climate projects. The Act, a $740 billion package in total, is considered the most significant US investment ever to combat the effects of climate change, with a goal of reducing carbon emissions – mostly from power generation and transportation – by at least 40 percent by 2030. 

These funding programs are having a significant impact on the energy sector. Projects that may otherwise have been unprofitable or marginal stand to generate sizable returns for investors. 

Our latest handbooks discuss:

  • The most relevant fiscal programs administered by the Department of Energy and the Department of Defense 
  • Key considerations for project sponsors seeking federal funding, including: 
    • The National Environmental Policy Act (NEPA) – review process
    • Compliance with the Davis Bacon Act
    • Compliance with the Cargo Preference Act
  • Recent changes to tax incentives that are relevant to the energy transition sectors

For information on US energy funding opportunities, download this handbook.

For insights on US energy funding opportunities for the industrials sector, download this handbook.