This episode, REDW National Tribal Practice Leader Wes Benally is discussing the Inflation Reduction Act and its impact on Tribal Nations with Senior State and Local Tax Manager Thomas Miller. They explore the provisions in the act that provide opportunities for investment in energy, infrastructure, and climate resilience programs for Tribes. Their conversation highlights the allocation of funds to tribal communities and the specific programs available for funding, and it emphasizes the importance of staying proactive and informed about the funding opportunities and the process of getting registered.

Tribes shouldn't miss exploring the eligibility of their projects and should seek consultations and training to maximize the benefits of the act!

Takeaways

• The Inflation Reduction Act presents major opportunities for investment in energy, infrastructure, and climate resilience programs for tribal nations.
• Tribes can access over $720 million allocated to Indian country for climate and energy advancements.
• Funding opportunities include high efficiency electric home rebate programs, tribal energy loan guaranteed programs, tribal electrification programs, tribal climate resilience programs, and more.
• Tribes should stay proactive and informed about the funding opportunities, review eligibility criteria, and seek consultations and training to maximize the benefits of the act.

Chapters

00:00 Introduction and Background
01:43 Overview of the Inflation Reduction Act
03:08 Allocation of Funds for Tribal Communities
05:01 Funding Opportunities for Tribes
07:13 Specific Programs for Tribal Communities
08:42 Qualifying for IRA Programs
10:07 Administration of Funds
11:15 Relevant Funding Opportunities
13:20 Rural Energy for America Program
15:08 Staying Proactive and Informed
16:05 Projects Eligible for Funding
17:10 Process of Getting Registered
18:17 Consultations and Training
20:01 Considerations for Funding Eligibility
21:22 Importance of Reviewing Eligibility
22:12 Conclusion

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REDW Advisors and CPAs is proud to bring you the Insight in Indian Country Podcast, covering important advisory, accounting, and finance topics that impact Tribal Nations and business affairs. Thanks for listening!