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Town receives roughly $1.8 million after IRS approves refund tied to Fales geothermal project
2097662 · January 8, 2025
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Summary
Committee reported the town received about $1,800,000 from the IRS (from Inflation Reduction Act funding) that must be applied to reduce borrowing for the Fales School geothermal and solar project.
A School Committee member reported that the town received roughly $1,800,000 from the Internal Revenue Service related to federal incentives for Fales School's geothermal and solar systems.
The building committee filed a request with the IRS tied to tax/credit provisions under federal programs and the…
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