Celebrating One Year of the Inflation Reduction Act (IRA)

The bill enables a journey towards a more efficient and resilient infrastructure for our country

One year ago, President Biden signed the Inflation Reduction Act (IRA) into law. The IRA is a once-in-a-generation opportunity to address the climate crisis through a $368 billion investment into clean energy spending and tax incentives. McKinstry’s long-time focus on addressing and solving for the climate, affordability and equity crises readied us for the opportunities created through the IRA. Prior to the passing of the IRA, McKinstry teams across the country were already leveraging critical strategies to decarbonize, such as solar energy, energy storage, and efficiency retrofits. Over the past year, McKinstry has leveraged the IRA to support our clients and create lasting change in our communities through these strategies and other innovative technologies. In addition, soon after the legislation was passed, McKinstry mobilized a Federal Funding Strategy task force that is solely dedicated to learning the ins and outs of the IRA. We have worked with clients from a range of spaces, including k-12 and higher education, to strategize how the IRA can apply to their specific projects. McKinstry has worked diligently to be your trusted partner in pursuing the IRA and will continue to do so.

Each of us has a role to play in seizing this moment. Regardless of where a client is on the spectrum of transformation, this bill enables their journey to develop a more efficient and resilient infrastructure. The time is now to unite and leverage our collective knowledge, innovative thinking and desire for change to lead the way with bold action that has a real and lasting impact on our climate, our communities and our people.

We celebrate this historic bill. Together, building a thriving planet.

To learn more about the IRA and your role in seizing this opportunity, see our IRA blog or contact us below.

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.

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