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<br /> <br />31 <br />who approved the decision to pursue LEED for Communities certification for the community as a whole. <br />Further discussion will be needed to confirm the pathway for certification of individual buildings. <br />11. Concerns and Mitigation <br />Though many of the green energy and sustainability strategies analyzed are becoming industry standard, <br />some of the recommendations may go above and beyond the typical business-as-usual for development. As <br />such, there may be some questions about the technical and financial feasibility of the measures described <br />above. Based on Ever-Green Energy and LHB’s analysis and professional experience, they believe these <br />concerns can be mitigated. The project team is committed to collaborating with project partners to <br />implement these ambitious strategies. <br />• The high-performance buildings would be constructed to a significantly higher energy standard than <br />the current building code. This might result in increased capital costs to construct these buildings. To <br />mitigate these cost increases, as well as reducing the operational cost of energy for occupants, the <br />following rebates and funding sources may be available: <br />o Inflation Reduction Act (IRA) <br /> Investment Tax Credits (ITC) for clean energy solutions including solar and <br />geothermal: this program enables tax-exempt organizations to receive a direct <br />play credit for 6-70% of the system cost depending on several factors. For this <br />project, a 40-50% credit is a feasible estimate. <br /> Home Energy Rebates (HOMES & HEAR): incentives for energy efficient equipment <br />and appliances may be available up to $14,000 per unit, however, this program <br />has not yet launched and details are still in development. <br /> 45L Tax Credit: this program provides federal tax credits for builders of energy <br />efficient single or multifamily homes. Credits range from $2500-5000 per single <br />family home or $500-$5000 per dwelling unit. The maximum credit of $5000 for <br />single family homes and $5000 per dwelling unit (in a multifamily building) is <br />based on achieving DOE Zero Energy Ready Home program and prevailing wage <br />requirements. <br /> 179D Energy Efficient Buildings Tax Deduction: the IRA enhanced this tax <br />deduction to enable the designer of tax exempt-owned buildings to deduct up to <br />$5.00 per square foot for energy efficient building projects. <br />o Xcel Energy rebates <br />• Green Bank Loans (MNCIFA) <br />• Ground-Source Energy Systems Interaction with Contaminated Groundwater: The amended and <br />restated deed for the site that restricts certain uses of the groundwater on the site explicitly allows for <br />the use of geothermal energy for the development. <br />• Land Area Available for Decentralized Geothermal Wells: Decentralized geothermal (Scenario 3) is <br />shown as the most economical scenario, but its implementation may present challenges. Individual <br />buildings, especially in high-density areas, might lack sufficient land for geothermal wells to meet