Inflation Reduction Act Is a Catalyst for Green Lending

The Inflation Reduction Act, which became law in August, includes a strong and effective framework for equitable climate finance. The IRA includes rebates, tax credits and the $27 billion Greenhouse Gas Reduction Fund that will provide loans, grants and technical assistance for projects that reduce greenhouse gas emissions and air pollution.

These initiatives hold significant promise for credit unions interested in starting or growing green lending programs to help their members lower their energy bills and increase their homes’ climate resiliency. Credit unions across the country have already developed innovative green lending programs that are both well-positioned to access IRA resources and designed to meet their members’ specific needs.

Read the full op-ed at CUManagement.com.