Using the Whole Whale - A Nonprofit Podcast Green Tax Credits for Nonprofits (news)
The U.S. government is offering billions of dollars in tax credits and grants to nonprofits and churches to help them become more energy efficient, courtesy of the 2022 Inflation Reduction Act, the 2021 Bipartisan Infrastructure Law, and the 2022 CHIPS and Science Act, as reported by Religion News Service. This funding, managed by the Office of State and Community Energy Programs in the Department of Energy, is intended to help nonprofits reduce their carbon footprints and become climate leaders in their communities. Nonprofits, including houses of worship as highlighted by this article, may qualify for cash payments and credits for energy efficiency investments. The Department of Energy is also awarding grants via a special "Renew America" program to nonprofits interested in coordinating a number of energy efficiency projects. Other initiatives focus on fostering energy and climate justice by supporting innovation in historically underserved communities and developing partnerships to address local energy and sustainability challenges. The intention is not only to empower organizations to become more energy efficient but also to facilitate them in helping their communities to reduce energy costs.
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