Inflation Reduction Act (IRA)
The IRA offers federal incentives for buildings to cut their energy use and adopt renewable energy. The IRA incentives will only be in place for a few years, so start planning your projects now.
Game-changing funding for the built environment
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.
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Tax Credits for Energy-efficient Upgrades
Promotes Energy Savings
Faster Asset Depreciation
Preservation Credits for Historic Properties
Supports Sustainable Construction
Impact on your building’s health
Hundreds of millions of dollars in grants, federal tax deductions, and tax credits are available now! Take advantage of these to enhance your marketability through energy efficiency, optimize the lifecycle of your building equipment and systems, and more.
Owners + Designers with Tax Liability
Maximize benefits for your commercial projects! Get up to $5/sf tax deduction (179D) for energy-efficient systems, cutting costs by 25%. Credits may cover up to 50% of project costs. Secure 30% investment tax credits (Sec. 48) for technologies like thermal energy storage.
Tax Exempt Owners + Designers
Tax-exempt entities can transfer 179D tax deductions to project designers, and for Sec. 48 projects, the Direct Pay option acts like a financial grant, enabling the transfer of tax credits' cash value to project designers.
Bonus Credits!
Earn bonuses for your projects! Get a +30% bonus for prevailing wage and apprenticeship programs in both Sec. 179D and Sec. 48 projects. Additionally, receive a +10% bonus for Buy America compliance (using domestically sourced materials) and another +10% bonus for Sec. 48 projects located in energy communities near fossil fuel mining.
VIEWS
Incentives in Expanded Section 179D Can Transform Your Buildings’ Bottom Line
Expanded in the 2022 Inflation Reduction Act, Section 179D offers financial incentives for energy-saving infrastructure when action is taken to enhance a building’s energy performance.
VIEWS
The Inflation Reduction Act Means Big Bucks for Your Building
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.
Views
Leveraging Energy Modeling for Inflation Reduction: A Transformative Approach
In a world increasingly conscious of resource consumption and environmental impact, the Inflation Reduction Act (IRA) has emerged with funding for a more sustainable and efficient future. At the core of this initiative stands energy modeling, a pivotal instrument for steering the built environment
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