August 2023
The Inflation Reduction Act (IRA), signed into law in August 2022, stands as a historic and comprehensive approach to advancing energy efficiency and green technology. Lauded as a significant stride forward, it offers tax credits for investments in energy-efficient technologies and materials, spurring around $500 billion in investments over a year. Underserved communities have notably benefited from these investments, often through nonprofit organizations. The IRA's tax credits, which incentivize energy-efficient investments, hold potential to enhance nonprofits' missions. This article delves into the available tax credits for nonprofit organizations.
