The end of major renewable energy incentives looms—but substantial funding remains for renewable natural gas (RNG) project developers. Billions of dollars are ready to claim via grants, loans, and other financial advantages from federal Inflation Reduction Act (IRA) legislation. The race is on to submit applications to secure support for RNG projects.
“It’s a mad rush for project developers hoping to get funding,” says Jeff VanVoorhis, Vice President of the Engineering, Procurement, and Construction (EPC) and Renewable Energy. “It’s wise to plan your approach to RNG opportunities now.”
Jeff will share his perspective on June 13 at the first Midwest RNG Conference in Milwaukee, WI. He recently shared insights with conference hosts on increased RNG demands and how the IRA will be a key factor for the continued development of these projects.
“With the presidential and other elections this November, we could have a big needle swing concerning available funding for current and future RNG projects depending on which political party comes out on top and their particular agenda,” he says.
We advise developers with strategic planning, helping them adapt to potential changes, and navigate funding opportunities. With extensive industry experience, our team is prepared to help clients achieve IRA tax credit goals. Attend our presentation at the Midwest RNG Conference or reach out to Jeff directly to explore your RNG project’s concept engineering and feasibility.
Note: This communication is intended for informational purposes only. While Mead & Hunt is an architectural, engineering, and construction (AEC) firm, we are not tax advisors. We regularly collaborate with tax advisors for tax-related matters. For specific advice, always consult a professional. This communication does not establish an advisor-client relationship.
