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Greenhouse Gas Reduction Fund (GGRF)
The Inflation Reduction Act authorized the U.S. EPA to implement the Greenhouse Gas Reduction Fund (GGRF), a $27 billion investment to mobilize financing and private capital to combat the climate crisis and ensure American economic competitiveness. The GGRF will deliver lower energy costs and economic revitalization to communities, particularly those that have historically been left behind. Through the GGRF program, the EPA has allocated the fund through three competitions: Solar for All, National Clean Investment Fund (NCIF), and the Clean Communities Investment Accelerator (CCIA).
Through these competitions, the fund aims to scale deployment of clean technologies nationally, build community climate financing capacity locally, and spur adoption of distributed solar energy in disadvantaged communities to achieve three broad objectives:
- Reduce greenhouse gas emissions and other air pollutants.
- Deliver the benefits of greenhouse gas- and air pollution-reducing projects to American communities, particularly low-income and disadvantaged communities.
- Mobilize financing and private capital to stimulate additional deployment of greenhouse gas and air pollution reducing projects.
The State of Michigan, through EGLE’s Office of Climate and Energy (OCE), was awarded $156 million through the Solar for All Competition in April 2024. The MI Solar for All program will support solar development for thousands of households in low-income and disadvantaged communities across Michigan through direct financial assistance for rooftop solar, community solar, and energy storage.
Additionally, the OCE is working to develop partnerships with national entities awarded funding through the NCIF, CCIA, and Solar for All competitions to develop partnerships to maximize the uptake and impact of funding for clean energy projects in Michigan and complement the state’s Solar for All strategy. To support this work, the OCE launched the Michigan Climate Investment Accelerator, an initiative to prepare Michigan community lenders, clean energy and climate organizations, and communities for the hundreds of millions in capital for clean energy projects that the GGRF has made available.