Oct 03 2024 91 mins 1
The Environmental and Energy Study Institute (EESI) held a briefing that explored the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) funding dedicated to nonprofit organizations and municipalities. For example, the introduction of “direct pay” is allowing tax-exempt entities to access the benefits of federal tax credits for the first time. Meanwhile, the Department of Energy and the Environmental Protection Agency are hard at work rolling out new programs specifically tailored to these entities. The IRA and IIJA are opening new doors for nonprofits and local governments working to reduce greenhouse gas emissions and adapt to a changing climate.
These opportunities also bring questions: What capacities do varying organizations and municipalities have to apply for, manage, and monitor funding? What reporting requirements could pose challenges for grantees? What does equity look like across these different programs?
Panelists addressed these questions and described the status of IRA and IIJA programs that increase the technical and financial capacity of public sector groups. They also shared case studies from across the country where funding is making a difference in communities, and discussed what lessons can be learned to bolster these federal efforts going forward.
