IRA Advocate - GenerEdge

Implementing The Inflation Reduction Act

GenerEdge is committed to serving as a vehicle for implementing the Inflation Reduction Act (“IRA”) which uses tax incentives and subsidies to accelerate the installation of energy-saving systems in the places we live, learn, work and worship.

The IRA Justice 40 program mandates that 40% of its benefits are directed to disadvantaged communities. The Green Energy Fund lending platform and our network of contractors, green banks and consumer-friendly lenders are intended to support Justice 40 community-led, energy-saving projects.

A Practical Approach

We believe that focusing on money-saving may well be planet-saving.

The GenerEdge approach to meeting the challenge of climate change is not to join the chorus warning about the accelerating consequences of global warming. Instead, we have built a finance platform for contractors to encourage the installation of energy-saving devices. The consumer attraction of these devices is cost savings on utility bills.

The result of a broad-based reduction in utility bills produces a similar reduction in the use of fossil fuels. The average home in the US releases 12,000 pounds of carbon annually into the atmosphere. A 50% reduction in utility bills produces 6,000 pounds less carbon each year.

IRA Justice 40 Services

Attract contractors in our network to identified LMI projects by educating them about IRA business tax credits available to them.
Provide a financing platform for contractors undertaking such LMI projects.
Serve as support for public-private initiatives for local governments, community development corporations, churches, and contractors installing clean energy products.

Implementing The Inflation Reduction Act

A Practical Approach

IRA Justice 40 Services

Reduce the Use of Fossil Fuels

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