We're not talking about your love life. We’re talking about working in an institutional setting, where getting things done is no simple task. If you’re looking at launching a major initiative, an interdepartmental project, or moving forward with your climate action goals, you need to draw from a different toolkit than your job description outlines—you need to be persuasive.
New green energy benefits for nonprofits in the Inflation Reduction Act
Passage of the 2022 Inflation Reduction Act created unprecedented opportunities and incentives for businesses, individuals, and institutions to invest in electrification, renewables, and efficiency measures—from electric vehicles to EV charging stations to solar PV and more. New with this legislation is the opportunity for nonprofit organizations to get a cash refund for the value of tax credits ordinarily out of their reach.
Boston’s BERDO—the Building Energy Reduction and Disclosure Ordinance—was developed to help the city achieve its climate goals of all buildings reaching net zero emissions by 2050. Building owners need to reach significant reductions to meet five-year incremental goals or face fines.
But some building owners are finding BERDO requirements challenging to meet from a financial standpoint. How will building owners plan for updated standards as they become more stringent down the road? What is the best way to deal with deferred maintenance? What financing opportunities are available? What are the additional benefits that can help justify first costs?