Hawaii Energy has been tracking federal funding opportunities related to clean energy and has identified which ones would benefit the state and local businesses.
Stay in the loop
Inflation Reduction Act
The passage of the Inflation Reduction Act in August 2022 energized many in the clean energy industry by making available nearly $370 billion in tax incentives, grants and other investments for clean energy, clean transportation, energy storage and energy efficiency. Hawaii households can currently receive federal tax credits for energy-efficient appliances and home repairs/improvements including, but not limited to:
- efficient water heaters, including solar thermal systems and heat pump water heaters
- central air conditioners that meet efficiency standards
- the installation of solar panels, battery storage systems and community solar projects
- home energy audits
The IRA also includes a Home Energy Rebate Program, which is expected to begin in 2024. The two provisions in the Program – Home Efficiency Rebates and Home Electrification & Appliance Rebates – total $8.8 billion in funding. Details and eligibility specifications on these rebates have yet to be announced. [last updated 7/1/2023]
Signed 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Infrastructure Bill) is providing $1 trillion in funding to be shared between states and local governments to upgrade outdated infrastructure, such as roads, bridges, broadband and energy projects.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:
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