Yes, Direct Pay can be combined with other federal or state funding sources. Eligible entities can leverage multiple funding sources for their projects. For example, projects can use Direct Pay alongside federal grants, such as those provided under the Inflation Reduction Act (IRA) or the Bipartisan Infrastructure Law. Additionally, state governments can provide matching funds or create revolving funds to further support projects that utilize Direct Pay.
Here are some ways other funding sources can be combined with Direct Pay:
- Federal Grants: Eligible entities can use Direct Pay along with federal grants for the same project without prohibition.
- State Funding: States can offer additional grants or create low-interest loans to support projects that receive Direct Pay.
- Green Banks: Some states have Green Banks that blend public and private capital to finance sustainable energy projects, which can be used alongside Direct Pay.
- Other Federal Programs: Funding from other federal programs, such as the Infrastructure Investment and Jobs Act or the American Rescue Plan, can also be used to supplement Direct Pay funding.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/can-direct-pay-be-combined-with-other-federal-or-state-funding-sources/
