Summer 2023 Solar Industry Update slide image

Summer 2023 Solar Industry Update

Greenhouse Gas Reduction Fund Notices of Funding Opportunities On June 28th, EPA released a Notice of Funding Opportunity for the $7 billion Solar for All grant program through the Greenhouse Gas Reduction Fund (GGRF). The program will award up to 60 grants to states, territories, Tribal governments, municipalities, and eligible non- profits to create and expand low-income solar programs that provide financing and technical assistance (including workforce development) to enable low-income and disadvantaged communities to deploy and benefit from residential solar. There are three program sizes: small ($25-$100 million), medium ($100-$250 million), and large ($250-$400 million). Applicants can submit separate applications to one or multiple of the three options. Coalitions led by an eligible applicant may apply. There are three award options: 1. State and Territory Programs 2. American Indian and Alaska Native Programs 3. Multi-state Programs for similar communities facing similar barriers to residential distributed solar deployment in multiple states All applicants are required to submit a Notice of Intent, the deadline for which varies by region: - - July 31, 2023 for states, the District of Columbia, and Puerto Rico August 14, 2023 for territories, municipalities, and eligible non-profits, August 28, 2023 for Tribal governments and Intertribal Consortia. The deadline to apply for the program is September 26, 2023. A public briefing was held on July 12th. The GGRF also saw the launches of the National Clean Investment Fund ($14 billion) and Clean Communities Investment Accelerator ($6 billion) on July 14th which will support 2-3 national non-profit clean financing institutions and 2-7 hub non-profits which will build the clean financing capacity of local community lenders working in low-income and disadvantaged communities, respectively.
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