Green Loans are low-interest loans of up to $100,000 that will enable congregations to make energy-efficient changes to their buildings. In a majority of cases, the cost savings from a Green Loan-qualifying program will be greater than the debt service payments on the loan, making this a budget-neutral option. The program encourages congregations to put any additional savings toward other environmental stewardship projects.
In order for a project to qualify for a Green Loan, congregations will need to submit an energy audit; certificates documenting attendance at a Sustainable House of Worship (SHOW) workshop by at least two members (see below); three years of utility use and cost spreadsheets; an outside organization’s assessment of the estimated financial and energy savings generated by the improvement; and confirming information on projected energy company rebates. More information on all these requirements is available within the addendum application.
For an application, a letter from the Diocesan Loan Committee, and the Green Loan addendum please see the bottom of this page. Please contact Marilyn Govoni at email@example.com or 617-482-4826, ext. 553 with any questions.
The Green Improvement Grants and Loans programs provide an educational process that includes a property energy audit and Sustainable House of Worship (SHOW) workshops conducted by representatives from Massachusetts Interfaith Power and Light. The workshops are a requirement in the Green Improvement Grant and Loan applications. They cover common challenges to energy conservation faced by churches, propose various approaches to addressing these challenges, review project planning and funding practices and provide help in completing the Green Improvement Grants application. See the Creation Care Initiative page (link below) for scheduled workshops.