What to know about the Inflation Reduction Act

02/15/2024 | Back to News

The New Inflation Reduction Act provisions allow State and Local Governments, Public Universities and School Districts to access tax credits for building a clean energy economy. Wendel is here to provide some digestible information on the Act.

  • The Inflation Reduction Act, Federal Legislation, is the largest investment in energy efficiency and carbon reduction technologies in American history
  • The IRA created an Internal Revenue Service (IRS) provision to monetize tax credits for the installation of renewable energy and energy-efficiency technologies to public entities that previously were not eligible to benefit from tax incentives
  • These funds can greatly reduce owner’s energy project costs by as much as 70%
  • Wendel is uniquely qualified to assist with the evaluation and development of energy related upgrades that would qualify for this significant funding

If you’d like to learn more about the Inflation Reduction Act or how Wendel can help, contact Senior Associate Principal, Keith Krug, CEM, kkrug@wendelcompanies.com.