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Environmental Protection Agency (EPA) and totaling $20 billion, aimed at financing climate and clean energy projects at the community and small business level. According to the EPA, at least 40% of the funds from the program will be dedicated to low-income and disadvantaged communities.
Especially because the IRA for the first time makes the credits “transferable,” this vastly opens up who can benefit from the credits by enabling them to be resold, therefore extending the utilization of the credits far beyond the handful of large banks who currently finance utility scale renewable projects, and presumably enabling all U.S.
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