Environmental Grants for Businesses

There are environmental grants available for businesses.

Green energy has become increasingly popular over the years. Many businesses are now looking to transfer to environmental friendly business practices, but the conversion cost is often more than a small business can bear. If your business is looking to make the switch to green business, you should know that there are many government grants and tax incentives available to you. Implementing these grants will not only keep money in your pocket, but will also help your business save money in the future by using renewable energy.

Green Grants

The green grant is federal money assigned by the U.S. Department of Health and Human Services to renewable energy enterprises at state levels. Green grants vary from state to state, but often cover approximately 50 percent of the conversion costs to renewable energy. Because of their high demand, green grants are available monthly and both large and small businesses may apply. Applicants should register with Grants.gov for more information.

The Kresge Foundation Program

The Kresge Foundation Program grant is a privately funded and offered to the public for the use of sustainable environmental initiatives. Founded in 2003, the Kresge Foundation is a $3.1 billion international institution that seeks to improve the quality of life of future generations. The nonprofit organization endeavors to accomplish this through six fields of interest: health, environment, community development, arts and culture, education and human services. The Kresge Foundation has an extensive grant database and applicants must be prepared to provide a strong case on how the business fits within Kresge’s fields of interest.

The Kresge Foundation

3215 West Big Beaver Road

Troy, Michigan 48084

kresge.org

The Tax Incentives Assistance Project

The Tax Incentives Assistance Project (TIAP) seeks to assist businesses earn tax deductions on green projects and renewable energy. Businesses can qualify for a number of projects involving commercial buildings, vehicles, heat and power, on-site renewables and micro-turbines. The TIAP was established in 2005 as a part of congressional Energy Policy Act of 2005. The program is sponsored by an alliance of nonprofit groups, government agencies, and energy efficiency organizations designed to give businesses information about the federal income tax incentives for energy efficiency. To apply for the Tax Incentives Assistance Project contact TIAP at energytaxincentives.org.

References

• “Government Grants: Green Grants”
• “Business.Gov: Environmental Grants, Loans and Incentives”
• “Tax Incentives Assistance Project: Business Incentives”
• “The Kresge Foundation: Environmental Grant Program”

Resources

• “Grants.gov: Apply for Grants”