The Inflation Reduction Act has made it possible for houses of worship like the First Universalist Church of Denver to make renewable-energy improvements.
Since 2018, the First Universalist Church of Denver has dramatically reduced its environmental impact, emitting nearly 100 fewer metric tons of carbon dioxide after installingAs part of an almost $4.5 million project to upgrade the facility at 4101 East Hampden Avenue between 2015 and 2018, the church installed $443,000 worth of renewable-energy improvements. Getting the funding to do so back then proved tricky.
Eventually, the church’s Green First Task Force was able to coax parishioners to donate an extra $208,000 toward the $443,000 effort, with a small group of members paying into a $235,000 fifteen-year loan with 1.5 percent interest. Activity went up 20 to 30 percent thanks to the renovation, so the church used more electricity than it had before.
Typically, churches — which are tax-exempt — can’t access tax credits, but the IRA has a provision that says faith-based tax-exempt organizations can get 30 percent of the cost of solar installation projects back.
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