"Every dollar saved is a dollar that can be reinvested in crucial community services, all while helping us achieve President Biden's goal of a net-zero emissions economy by 2050," Jennifer Granholm, secretary of the Department of Energy, says in a press release.
That's why the department is offering up to $15 million in grants to help non-profit organizations make improvements to their buildings' energy efficiency, the New York Times reports.
"By investing in nonprofits, DOE is investing in America's physical and social infrastructure, reducing emissions and utility costs in vital institutions so that savings can be redirected to mission-critical work serving communities," Granholm says.
The grants are available through the department's Renew America's Nonprofits program, which was authorized by the Bipartisan Infrastructure Law and passed by Congress last year, the Times notes.
The grants will go to projects that reduce energy use in buildings owned and operated by 501(c)(3) nonprofits, which include everything from libraries and animal shelters to food banks and the YMCA, the Washington Post reports.
"These investments will help nonprofits save energy costs in the long run, allowing them to redirect critical funds to their mission-focused work," Rep.
Matt Cartwright, a Democrat who co-authored the law, says in
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.