Helping Essential Hospitals Access Project Funding for Decarbonization
BAckground
Essential Hospitals Institute, in collaboration with Health Care Without Harm and Practice Greenhealth, will host an Inflation Reduction Act (IRA) Learning Lab beginning in July 2024. Receive unique in-depth guidance from experts across the sector, including within the America’s Essential Hospitals membership.
This opportunity is open to all essential hospitals and aims to cultivate learning across all phases of sustainability projects, from initiation to completion. It will benefit members engaged in new construction, energy efficiency improvements, and sustainable transportation projects that can save money and advance sustainability goals.
Learning lab participant Resources
As a registered member of the learning lab, you can access all session resources below.
Funding Sources for Sustainability
The learning lab will focus on several specific programs within the Inflation Reduction Act.
GREENHOUSE GAS REDUCTION FUND
This $27 billion program in the IRA provides financial resources via intermediaries to implement projects that reduce greenhouse gas emissions and deliver benefits to American communities. There are three distinct programs within the fund:
- National Clean Investment Fund ($14 billion): Funds three national nonprofits to partner with private capital providers to deliver financing to thousands of clean technology projects.
- Clean Communities Investment Accelerator ($6 billion): Funds five “hub nonprofits” to rapidly build clean financing capacity of networks of community lenders.
- Solar for All (7 billion): Supports 60 state, territory, tribal and municipal governments, and nonprofits to expand access to solar power for low-income and disadvantaged communities.
OTHER IRA INCENTIVES
The IRA provides financial incentives to accelerate the adoption of clean energy projects that reduce greenhouse gas emissions. We will focus on IRA benefits within three project categories:
- Energy Efficiency: Energy Efficient Commercial Buildings Deduction (179D)
- Renewable Energy: Investment Tax Credit (48/48E)
- Clean Transportation: Qualified Commercial Clean Vehicle Credit (45W) and Alternative Fuel Vehicle Refueling Property Credit (30C)
The IRA presents a unique opportunity for tax-exempt entities to receive payment for sustainability projects. Through elective pay, entities can obtain full value of the tax credits, after meeting pre-filing registration requirements, upon filing a tax return. The full value of the tax incentives is available for a 10-year period, from 2023 through 2032.
Questions
For questions, please contact Amanda Jepson at ajepson@essentialhospitals.org.
Learning Lab Schedule
Note that each individual participant must complete the survey to receive email correspondence and calendar invitations. The IRA learning lab will begin on July 11 and subsequent sessions will occur biweekly, with no sessions held in August. All meetings are from 1–2 pm ET.
| Session | Date | Topic | Relevant Materials |
| 1 | Thursday, July 11 | Greenhouse Gas Reduction Fund | View |
| 2 | Thursday, July 25 | Greenhouse Gas Reduction Fund | View |
| 3 | Thursday, September 12 | Transportation Efficiency | View |
| 4 | Thursday, September 26 | Transportation Efficiency | View |
| 5 | Thursday, October 10 | Renewable Energy | View |
| 6 | Thursday, October 24 | Renewable Energy | View |
| 7 | Thursday, November 7 | Energy Efficiency | View |
| 8 | Thursday, November 21 | Energy Efficiency | View |
| 9 | Thursday, December 5 | Wrap-Up, Next Steps | View |