The Inflation Reduction Act (IRA) is a federally regulated 10-year legislative plan with robust measures impacting the clean energy economy across the U.S. McKinstry is proudly leading the industry in understanding and utilization of the IRA program on behalf of our clients and communities.
What is the IRA?
President Biden signed the historic act into law on August 16, 2022, marking the single largest investment in climate and energy in American history. The IRA includes much-needed clean energy funding, investment tax credits and nationwide climate action towards a net-zero economy.
Two years into the program, we remain dedicated to staying apprised of policy across the country, ensuring businesses can enjoy the benefits of the Inflation Reduction Act.
The Inflation Reduction Act is a once-in-a-generation opportunity that enables organizational leaders and building owners to develop a more efficient and resilient infrastructure. It provides an opportunity for organizational leaders and building owners to accelerate their long-term plans around performance upgrades, electrification efforts, reduced operating expenses, modernization and decarbonization. Regardless of where a client is on the spectrum of transformation, the Inflation Reduction Act enables their journey to develop a more efficient and resilient infrastructure.
The Investment Tax Credit in the Inflation Reduction Act expands the incentive to include more options than before, making it one of the best tools building owners have at their disposal to implement transformation.
When and how should I get started to make the most of the ITC?
Making the most of the legislation and its benefits requires
deep and robust planning, evaluation, goal setting and expert
guidance. The time is now to leverage our collective knowledge, innovative thinking and desire for change to lead the way.
Please complete the required fields below to learn more about how McKinstry can help your organization achieve its sustainability goals.
Financial Disclaimer: McKinstry is not engaged in providing legal, tax or financial advice. The information provided herein is intended only to assist you in your decision-making and is broad in scope. Accordingly, before making any final decisions you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your specific circumstances.
