There’s a myth that taking action to combat climate change is expensive.
On the contrary, inaction in the face of climate change is much more costly!
In response to the upfront costs which are often prohibitive, Adamah offers financial support in the form of interest-free loans and matching grants to help organizations get over that hump and on their way to the long-term cost savings and emissions reductions of energy efficiency projects.
We are thrilled to announce the first round of Adamah’s Climate Action Fund North American recipients:
- $100,000 to Congregation B’nai Israel, Tustin, CA
- $100,000 to Valley Beth Shalom Synagogue, Encino, CA
- $100,000 to Westchester Jewish Center, Mamaroneck, NY
All three synagogues, which represent a wide range of congregation sizes, will be installing solar systems. The aggregate projected savings based on current utility costs is $263,356 annually. Over time, the annual savings grows as electricity prices continue to rise. And the investment pays off quickly with payback periods of only 4-8 years. Combined, they are slashing their greenhouse gas emissions by 481 tons per year!
Nonprofits now have unprecedented access to rebates for solar and energy efficiency work. There are also many financial incentives available at state, provincial, utility, and local levels. And, the kind of financial ROI (return on investment) made possible by emissions-reducing projects like these can be extra compelling to your individual and foundation donors. These opportunities, combined with Adamah’s Climate Action Fund, can make your climate action project dreams come true!
Adamah is grateful to the generous anonymous donor who makes the North American Climate Loans possible.