- Rick Bonetti
How the Inflation Reduction Act (IRA) Can Benefit Faith Communities
Did you know that the Inflation Reduction Act (IRA) now makes it possible for nonprofit organizations to receive a direct payment from the federal government that equals 30% of a solar installation’s cost?
On October 12, 2022, Rev. Brooks Berndt, Minister for Environmental Justice for UCC had a webinar on how the Inflation Reduction Act (IRA) changes the landscape of what’s possible for faith communities when it comes to solar and energy efficiency. Panelists were:
Jerome L. Garciano, Esq., a LEED Accredited Professional and author of the Green Tax Incentive Compendium
Rebecca Perera, Director of Lending for the United Church of Christ Cornerstone Fund
"The Inflation Reduction Act (IRA) changes the landscape of what’s possible for faith communities when it comes to solar and energy efficiency. But, there is much about the law and how it can benefit faith communities that require careful attention and navigation. Moreover, there can be an alphabet soup of technical and financial jargon that one must confront when it comes to understanding PPAs, SRECs, ITCs, and more."
Here are some additional resources on this topic:
Rebecca Perera's PowerPoint Slides: https://bit.ly/3sE7U5V
Jerome Garciano's PowerPoint Slides: https://bit.ly/3DRG7FL
The Cornerstone Fund's Creation Care Investment and Loan Program: https://bit.ly/3gHKSbw
Green Tax Incentive Compendium: https://bit.ly/3gRHxXw
Interfaith Power & Light's Award Contest for Energy Efficient Congregations: https://bit.ly/3DgIAI1
The UCC's Our Faith Our Vote Action Center: https://p2a.co/zv3KyiE
"Inside the Environmental Justice Movement's Big Win: Stopping Permitting Reform": https://bit.ly/3W5C9jE