Biden’s Inflation Reduction Act: What’s In It for Commercial Real Estate?

Biden’s Inflation Reduction Act: What’s In It for Commercial Real Estate?

Sep 29, 2022

Sep 29, 2022

Sep 29, 2022

The Inflation Reduction Act offers substantial tax incentives for commercial real estate owners to implement energy efficiency upgrades, extending deductions and credits. Properties can earn up to $5 per square foot or $5,000 per unit for qualifying retrofits. The Act also allocates funds for standardizing metrics for low-carbon building materials and transitioning federal buildings to sustainable options. The overarching goal is to reduce carbon emissions and encourage the widespread adoption of affordable low-emission construction innovations. Technologies like those from Logical Buildings enable a decentralized grid, allowing buildings to profit by contributing energy to the grid and regulating usage during peak hours to reduce costs and emissions.

The Inflation Reduction Act offers substantial tax incentives for commercial real estate owners to implement energy efficiency upgrades, extending deductions and credits. Properties can earn up to $5 per square foot or $5,000 per unit for qualifying retrofits. The Act also allocates funds for standardizing metrics for low-carbon building materials and transitioning federal buildings to sustainable options. The overarching goal is to reduce carbon emissions and encourage the widespread adoption of affordable low-emission construction innovations. Technologies like those from Logical Buildings enable a decentralized grid, allowing buildings to profit by contributing energy to the grid and regulating usage during peak hours to reduce costs and emissions.

The Inflation Reduction Act offers substantial tax incentives for commercial real estate owners to implement energy efficiency upgrades, extending deductions and credits. Properties can earn up to $5 per square foot or $5,000 per unit for qualifying retrofits. The Act also allocates funds for standardizing metrics for low-carbon building materials and transitioning federal buildings to sustainable options. The overarching goal is to reduce carbon emissions and encourage the widespread adoption of affordable low-emission construction innovations. Technologies like those from Logical Buildings enable a decentralized grid, allowing buildings to profit by contributing energy to the grid and regulating usage during peak hours to reduce costs and emissions.

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