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The IRA provides tax credits for 3 key areas relevant to reducing emissions:
Transportation Efficiency
Limit transportation-related emissions via adoption of alternative fuel vehicles (e.g., electric or hybrid) and increasing accessibility to alternative refueling options.
Energy Efficiency
Designing infrastructure and facilities to optimize for efficiency and introduce green, energy-efficient technology into operations
Renewable Energy
Powering operations through renewable energy sources, such as solar or wind, through on-site energy generation.
Colleges & Universities
We are committed to improving and enhancing institutional campus communities’ through setting up renewable energy programs and visual plans by leveraging IRA tax credits.
Operations
We want to help unlock funding opportunities in the Inflation Reduction Act to help move health systems toward sustainability. The U.S. health care sector contributes 8.5% of the total greenhouse gas emissions in the country and approximately 25% of global health care emissions. The IRA signed into law in August 2022, included $369 billion in a combination of financial incentives for investments that ultimately may help to reduce pollution, expand clean energy production, and address health inequities with bonus credits for investments located in low-income communities.
Recreation Industry
Take skiing for example! Skiing is a super fun, yet energy intensive sport that we want to help reduce it’s carbon footprint! Skiing is an energy-intensive operation, relying on fossil fuels, producing greenhouse gases, and contributing to global warming. Ski lifts run on electricity, and operating a single ski lift for a month requires about the same energy we need to power 4 households for a year.
Hospitality Industry
A primary advantages of embracing renewable energy in the hospitality sector is cost savings. Traditional energy sources often come with unpredictable and fluctuating costs. By investing in renewable energy technologies such as solar panels or wind turbines, hotels and resorts can stabilize their energy expenses over the long term.
Adopting renewable energy aligns with the growing trend of eco-conscious consumerism. Modern travellers are increasingly choosing accommodations that demonstrate commitments to sustainability. Hotels that integrate renewable energy into their operations appeal to environmentally aware guests, providing a modern, more competitive edge in the market.
Brewing Industry
Adopting renewable energy, in the form of solar panels and an LED light system can increase the efficiency of electricity production, reducing waste at brewery facilities. When electricity demand goes beyond the capabilities of their solar panels, we can help you obtain renewable energy certificates, which allow your brewery to maintain a completely green production system.
