Orange County NC Website
APPENDIX E FUNDING SOURCES <br /> Geography/Agency Program Description <br /> Federal/ DHHS Low Income Home Energy Provides assistance to low-income <br /> Assistance Program (LIHEAP) households to help pay for energy <br /> bills and weatherization <br /> improvements <br /> Federal (tax credits and Inflation Reduction Act(IRA) Provides various tax credits, <br /> deductions) various programs: deductions,grants, loans and bonds. <br /> • The Empowering Rural America <br /> (New ERA)Clean <br /> • Energy Investment Tax Credit(ITC) <br /> • Clean Energy ITC Technology <br /> Neutral <br /> • Clean Energy Production Tax Credit <br /> (PTC) <br /> • Clean Energy Production Tax Credit <br /> (PTC)Technology Neutral <br /> • Commercial Clean Vehicle Tax <br /> Credit <br /> • Etc... <br /> Federal (tax credits and 179D for energy efficiency Section 179D of the U.S. tax code <br /> deductions) initiatives provides a tax deduction for building <br /> owners or designers who implement <br /> energy-efficient improvements in <br /> commercial buildings. Under Section <br /> 179D, eligible non-profit universities <br /> can claim a deduction of up to$1.88 <br /> per square foot for energy-efficient <br /> improvements made to their <br /> buildings.This includes upgrades to <br /> lighting, heating, cooling, and <br /> ventilation systems, as well as <br /> improvements to the building <br /> envelope, such as insulation and <br /> windows. <br /> Federal/ DOE Property Assessed Clean Energy Provides clean energy financing. <br /> (PACE) Financing Funding varies by program <br /> Federal/ EPA Diesel Emissions Reduction Act Grants and rebates to reduce harmful <br /> (DERA) Program emissions from diesel engines ($115 <br /> million for FY 22-23) <br /> Federal/ EPA Clean Heavy-Duty Vehicle Program Grants and rebates available for up to <br /> 100%of the costs associated with <br /> clean heavy-duty vehicles. Part of the <br /> Inflation Reduction Act. <br /> 2 ORANGE COUNTY, NC • APPENDICES <br />