Inflation Reduction Act (IRA) Clean Energy Credits
This type of pay makes certain clean energy tax credits and the CHIPs manufacturing credit effectively refundable.
What is elective or direct pay?
According to the IRA, a commercial building is considered any building that can be modeled using this methodology.
What is ASHRAE standard 90.1, the Energy Code for Commercial Buildings?
This is the available credit for eligible properties part of the ENERGY STAR Multifamily New Construction (MFNC) program when the prevailing wage requirement is not met.
What is $1,000 per dwelling unit?
The BIL was signed into law on this date.
What is November 15, 2021?
This allows entities that can't use elective pay but do qualify for an eligible tax credit to shift all or a portion of the credit to a third-party buyer in exchange for cash.
What is transferability?
Building owners who place in service this type of property may be able to claim a tax deduction.
What is energy efficient commercial building property (EECBP) or energy efficient commercial building retrofit property (EEBRP)?
The Zero Energy Ready Home (ZERH) program has now expanded to these types of properties.
What are low- and high-rise multifamily buildings?
The Department of Energy is charged with investing an additional $6.5 billion to support this process that protects a building from the elements and other energy efficiency improvements.
What is weatherization?
Notify this federal body of your intent to claim elective pay for the full value of a clean-energy investment tax credit.
Who is the Internal Revenue Service?
Since the IRA expanded 179D, the set deduction of $1.80/sq. ft. has now been raised to a sliding scale between these two amounts.
What is $2.50 to $5.00?
This type of professional is now eligible for a tax credit for eligible new or substantially reconstructed homes that meet applicable ENERGY STAR home program or DOE Zero Energy Ready Home (ZERH) program requirements.
Who are contractors?
This funding will support projects that will improve electric transmission by, for example, deploying advanced technologies such as distributed energy resources and battery systems.
What is the Grid Resilience Innovation Partnership?
For an energy efficient commercial building property (EECBP) or energy efficient commercial building retrofit property (EEBRP) placed in service starting in 2023, this is the maximum deduction.
$1.00/sq. ft for 50% energy savings.
In order to qualify for the maximum deduction, projects must meet these new standards.
What are prevailing wage and apprenticeship standards?
This is the available credit for eligible properties part of the ENERGY STAR Multifamily New Construction (MFNC) program when the prevailing wage requirement is met.
What is $5,000 per dwelling unit?
This program is designed to train individuals to conduct surveys of commercial and residential buildings to build the clean energy workforce, save customers money on their energy bills, and reduce pollution from building energy use.
What is the Energy Auditor Grant Program? (Applications due 6/28/2024!)
In addition to owners of qualified commercial buildings, energy efficient commercial buildings deductions are now also available to designers for these types of organizations.
Who are tax-exempt entities?
This plan, a requirement for the tax deduction, can be implemented to reduce site EUI as required by both BEPS and 179D.
What is a Qualified Retrofit Plan?
The amended 45L tax credit can apply to qualified energy efficient homes acquired between these dates.
This Loan Fund was awarded $250M in FY22 through the State Energy Program to create a new program providing grants and technical assistance to states for residential and commercial building energy audits and resulting improvements.
What is the Energy Efficiency Revolving Loan Fund?