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.

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 Hissom, CPA is a principal of Utility Accounting & Rates Specialists a firm that provides power utilities rate, expert witness, and consulting services, and online/on-demand courses on accounting, rates, FERC/RUS construction accounting, financial analysis, and business process improvement services. Russ was a partner in a national accounting and consulting firm for 20 years. He works with electric investor-owned and public power utilities, electric cooperatives, broadband providers, and gas, water, and wastewater utilities. His goal is to share industry best practices to help your business perform effectively and efficiently and meet the challenges of the changing power and utilities industry.  

Find out more about Utility Accounting & Rates Specialists here, or you can reach Russ at russ.hissom@utilityeducation.com

The material in this article is for informational purposes only and should not be taken as legal or accounting advice provided by Utility Accounting & Rates Specialists. You should seek formal advice on this topic from your accounting or legal advisor.