IRA Archives

As demand for electric vehicles (EVs) intensifies, multifamily owners and operators are increasingly forced to explore their EV charging options.

With the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL), the business case for solar-for-multifamily affordable housing is the best it’s ever been.

At first glance, there is nothing out of the ordinary about the solar panels on the roofs of the ten buildings that make up the Echo Valley housing project in West Warwick, RI.

The Bipartisan Infrastructure Law (BIL) provided the U.S. Department of Energy (DOE) $3.2 billion for the Weatherization Assistance Program (WAP).

Given the recent focus on energy and climate policy nationally, as exemplified by the Inflation Reduction Act establishment of the Greenhouse Gas Reduction Fund and expansion of many clean energy and energy efficiency tax incentives, many multifamily property owners and developers are looking at greening their projects and including solar and energy efficiency improvements.

For multifamily portfolio owners, having greenhouse gas emissions information for their entire portfolio can be more useful than simply building specific information in carbon reduction goal setting.

The Inflation Reduction Act (IRA) provided the Environmental Protection Agency (EPA) with approximately $35 billion that is relevant to multifamily affordable housing.

How Multifamily Affordable Housing Can Benefit from the IRA and BIL