Funding Green Construction Projects
There are numerous sources for the funding of green project research and construction. They exist on the National, State, and local level. They include grants, tax credits, and loans. The important thing to understand when you begin a search for a source of funding is that the government and society in general is very anxious to assist you with your green project. We are not just waking to the global dangers. Our leaders are already wide awake and know that green construction is an essential element of the future health of our nation. They want to help, particularly on the state level.
The central clearing house for Federal Programs is the Catalog of Federal Domestic Assistance (CFDA). This website based catalog gives information of all federal programs that supply funds to state agencies, local agencies, and non-profit organizations. They also list programs that are available to private developers and even individuals. This catalog can be accessed online and application made online as well.
There are over $400 billion dollars offered in over 1,000 Federal Grant programs. These programs are all listed and explained on the grant [dot] gov website. In addition to full information, application forms for the grants can be downloaded from the site, and the final submission can be entered there as well. Grants are not as easy to get as some people think, but they are possible. They also have the major advantage over loans and other funding sources because they do not have to be repaid in most cases.
There are several national green construction funding opportunities. One is the Office of Energy Efficiency and Renewable Energy (EERE). Obviously, this office is interested in Energy Efficiency in building construction use and also of the use of renewable energy sources. They will provide funding for research and the demonstration of these two things in green construction. Green Communities is a five year and $555 million dollar initiative to build a total of 8,500 environmentally health houses for low income families.
There are also several Foundations dedicated to green construction funding. The Home Depot Foundation is one, and another is the Kresage Foundation. There is help available on the State and local level also. The Database of State Incentives for Renewable Energy (DSIRE) is one example of a State level resource. There are also a large number of local based incentives as well. Green construction is an interesting meeting between those looking for funding and those agencies willing to provide it.
Related Tags: government, programs, green, project, fund, grants, environmental, funding, construction, grant
Zack Verde is with GreenBuildingCompanies.com - providing information on green construction.
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