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In the upcoming years, the BEL Team will work with electric co-ops and municipalities as a resource to help leverage Federal electric sector infrastructure investments, ranging from state grants to direct pay tax credits. The funding opportunity is especially meaningful to BEL because it builds upon a previous planning grant that successfully secured tens of millions of dollars of funding for Appalachian regions in New York, Pennsylvania, Tennessee, and Georgia. BEL was honored to receive the support of the stakeholders we assisted during the one-year period of performance for the planning grant. As an example of the planning grant’s success, see: BEL’s technical support helps unlock $13.7M in infrastructure funds for Appalachian communities in Pennsylvania – Beneficial Electrification League. This new implementation grant will expand our support into four more states: Alabama, Mississippi, North Carolina, and Ohio, and is supported by a deep bench of contractors and partners.
Over the past two years, BEL has consistently received feedback from not-for-profit rural electric cooperatives and municipal utilities that our technical assistance is essential to their ability to secure funding, as the paperwork associated with the grant application process can be overwhelming for a small staff. Yet the funding they ultimately can secure is essential to help bring the benefits of the advancement of utility grid technology to them to keep up with new demands on the electric sector and to prepare for the future. With this funding from ARC, we are able to help bridge the gap, and we could not be more excited to roll up our sleeves and get started!
Additional Resources on Securing Direct Pay Tax Credits:
As part of our work to support electric infrastructure stakeholders in Appalachia, BEL supports the use of direct pay tax credits to fund clean energy projects. ARC has recently offered recordings of audience-specific videos on the direct pay tax credits. You can view them on ARC’s YouTube channel here.
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