Problem, meet solution: with inflation on everyone's minds, it’s crucial to understand the implications and potential solutions. The Inflation Reduction Act (IRA) is one such solution, a federal initiative to boost America’s manufacturing and home-grown supply chains with well-paying jobs, curb healthcare costs, and more.
What’s in it for you? Also within the Inflation Reduction Act is game-changing funding for the built environment.
Level-Set: Inflation's Impact on Your Building’s Health
Inflation is the steady increase in the general price of goods and services over time. It hits close to home in the construction industry:
- Cost Escalation: Inflation can drive unexpected cost escalations, puzzling your project budgeting. We feel your pain: as a mechanical contractor, a leading energy services company, and a local manufacturer, UMC knows that precise budgeting is essential to delivering high-quality systems on time and within budget.
- Supply Chain Disruptions: Inflation ripples throughout the supply chain. This can mean delays and limited availability of materials – bruising project timelines and client satisfaction.
- Client Budget Constraints: Our clients – the heart of our business – bear the brunt of inflation in their operational budgets. The IRA may alleviate some of these financial pressures.
Understanding the Inflation Reduction Act for your building
So, what exactly is the Inflation Reduction Act, and how can it help us as building owners and contractors? The IRA has invested in energy upgrades to make homes and businesses more energy-efficient and affordable. Its financial incentives center on well-paying union jobs in building performance – perfect news for UMC customers.
Show me the money for my building: Click here to view an IRA quick guide!
Our Role as Consultative Partners
Over the next few months, we will explore and share here the specifics of the Inflation Reduction Act and its opportunities for our clients.
As a mechanical contractor and energy services company with deep roots as a proud local union company, UMC is ready to ensure your new or retrofitted building secures new incentives, operates more efficiently, and meets regional climate regulations.
At UMC, we create spaces that make people more confident, comfortable, and productive. We partner with clients to arm you with the knowledge and tools you need to make informed decisions for top-notch facilities. Get in touch today if you’d like to know more about the Inflation Reduction Act’s expanded opportunities for your building.
Questions or Comments?
For media inquiries or related questions, please contact info@umci.com
