6 Ways to Get Federal Funding for Your Sustainable Business

There has never been a better time to get into the climate space.

Whether you are looking to build a sustainable business or going green to attract new customers, three key pieces of legislation can help you make the leap.

First, the Infrastructure Investment and Jobs Act (IIJA), passed in November 2021, increases infrastructure spending by about $550 billion over the next decade. IIJA targets roads, ports, internet, public transit, passenger rail, electric vehicles, power infrastructure, resilient infrastructure, and environmental remediation.

Second, the Inflation Reduction Act (IRA), passed in September 2022, allocates $369 billion towards energy security and climate change over the next decade.

Finally, the CHIPS and Science Act strengthens American manufacturing, supply chains, and national security by investing in research and development.

How do you capitalize on these new policies?

1. Switch to low-cost solar at a discounted rate

Small businesses are eligible for a tax credit to cover 30% of the cost of switching over to low-cost solar power. With fossil fuel prices becoming more erratic, investing in solar ensures your business will have a consistent…