The Inflation Reduction Act

For our September event, the NorCal AEE Chapter was pleased to present our distinguished guest speaker Jacob Goldman, LEED AP. Jacob is the Chief Engineer and Vice President of Energy Tax Savers, Inc. (ETSI). He has a B.S in Chemical Engineering from the University of Buffalo, and an MBA from the University of Maine at Orono. He is the co-author of numerous articles published in Building Operating Management, Worship Facilities Magazine, UNIT Magazine, Green Lodging News, International Parking Institute, Corporate Business Taxation Monthly, and Thomson Reuters. He has presented to hundreds of corporations, architectural firms, engineering firms, accounting firms, local chapters of USGBC, IFMA, BOMA, and AEE as well as national conferences of AEE, NFMT, NALMCO, IGSHPA, PIMA, and at the EMC Conference. Jacob has also been a consistent speaker at GE’s Nela Park and Cooper’s “The Source” in Peachtree, GA.

With the recent signing of the Inflation Reduction Act into law, myriad tax incentives for the energy community will become available. The legislation has opened doors for a range of project categories that previously were exempt or limited in their tax benefits. This presentation will give attendees a thorough understanding of how to include these incentives in the calculation of energy and building project financials. This presentation is intended to help the energy industry continue to innovate with the help of new tax incentives signed into law this summer.

This presentation:

• Described the impact of new tax legislation and other tax laws on the energy and building industries
• Explained how to capture new incentives for HVAC systems and other energy efficiency upgrades that significantly reduce the upfront costs of equipment for building owners
• Explored newly revived incentives for alternative energy generation systems and energy-efficiency upgrades
• Covered the new tax-exempt project categories that are now eligible for Energy Policy Act tax benefits
• Discussed other legacy tax incentives available for designers, and how energy companies and building owners can capture these for their economic benefit.