Inflation Reduction Act for Commercial Real Estate
August 24, 2022
Top Takeaways
-
Crossroads
The federal government has recognized the crossroads between commercial real estate and energy.
-
Incremental
Energy-efficient commercial buildings (new construction or retrofit) need only reduce total energy or energy use intensity by 25% in order to obtain an energy efficient commercial building deduction.
-
Opportunity
Production Tax Credits and Investment Tax Credits align with many C-PACE-eligible projects including renewable electricity generated through solar, waste, biomass, CHP and fuel cell systems.
-
Location
The bill encourages and advances investment in renewables by acknowledging diversity and energy justice goals to spur investment in both low-income and traditional energy communities.
-
Flexibility
Innovation, predictability and financial flexibility are encouraged by the extension and expansion of the Production and Investment Tax Credits with features such as utimately being technology neutral, having a 10-year horizon and allowing for the one-time sale or transfer of credits.
Additional Inflation Reduction Act Resources:
To learn more about Counterpointe Sustainable Real Estate or C-PACE financing, please visit www.counterpointeSRE.com
Media Contact
CounterpointeSRE
inquiry@counterpointeSRE
855.431.4400