There are four areas where CPS Energy could tap into federal funding from the IRA, Jonathan Tijerina, VP of enterprise risk and development, told the council: new technology, climate transformation, ownership, and grid transformation.
San Antonio would use Inflation Reduction Act money to pay for programs to boost sustainability and mitigate climate change.The city of San Antonio is hoping to secure newly available federal funding over the next two years to bolster its sustainability and climate action efforts.
But as of yet, it’s unclear exactly how to qualify for the funding, said Assistant City Manager Jeff Coyle. The money is available through tax credits, grant funding, low-interest loans and customer rebates, Coyle said. “We expect there to be an urgency by the [Biden] administration to move this funding and these programs out as quickly as possible over the next two years for political reasons,” he said, “and we also expect there will be anticipated scrutiny and increased oversight by Congress, particularly the Republican-led House providing oversight over the administration’s programs.
“So we see opportunities to work with our for-profit and nonprofit partners to potentially weatherize and retrofit existing properties, and to potentially upgrade some of the new construction that’s being built to add energy efficiency.”
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