Seeking a way to jump start the funding of your power and utilities project?
The 2021 Infrastructure Investment and Jobs Act (the Act) provides $65 billion in funding for broadband projects and $65 billion for electric projects. $370 billion more in funding was included in the 2022 climate bill, including:
* Nuclear energy
Grid infrastructure
* Hydroelectric production incentives
* Cybersecurity
* Smart grid
* Carbon management
* Clean direct air capture hubs
* Carbon dioxide transportation infrastructure finance and innovation
* Clean energy demonstrations
Our series “Grant Watch” sorts through the clutter and provides information on open and upcoming power and utilities and broadband grants. Click on the links for details on each item listed.
Programs and funding are changing rapidly. A resource of all available programs, due dates, and application requirements can be found here.
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Here are some current power and utilities and broadband grants of interest from the Federal grant site. The site is easy to navigate and search based on agencies, project funding, and due dates. Here are examples of open grants and the close date for applications:
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Key takeaways in successfully seeking grants
1. Grants are available for a host of electric and broadband infrastructure projects through the 2021 Infrastructure Investment and Jobs Act
2. Grant writing can be outsourced for an hourly fee, retainer plus success based, or part of a project management contract.
3. In-house grant writers can be cost effective if your power and utilities organization (or municipality) will be a regular part of the grant process.
4. Weigh the costs of in-house grant writers against the additional resources gained by out-sourcing the grant process.
About Russ Hissom - Article Author
Russ is the owner of Utility Accounting Education Specialists a firm that provides power utilities consulting services and online/on-demand courses on accounting, finance, FERC best-practices, improving business processes, and implementing strategy. Russ is passionate about the Power and Utilities Industry and his goal is to share industry best practices to help better your business and enhance your career knowledge. He has over 35 years serving electric investor-owned and public power utilities, electric cooperatives, broadband providers, and water, wastewater, and gas utilities as a past partner in a national public accounting and consulting firm's power and utilities practice. Russ was named one of the 2021 Top Voices in the Energy Central Community by EnergyBiz Network.
Find out more about Utility Accounting Education Specialists here or you can reach Russ at [email protected]
The material in this article is for informational purposes only and should not be taken as legal or accounting advice provided by UAES. You should seek formal advice on this topic from your accounting advisor.