{"id":18741,"date":"2024-06-13T08:00:26","date_gmt":"2024-06-13T12:00:26","guid":{"rendered":"https:\/\/www.consigli.com\/?p=18741"},"modified":"2024-08-05T16:35:34","modified_gmt":"2024-08-05T20:35:34","slug":"inflation-reduction-act","status":"publish","type":"post","link":"https:\/\/www.consigli.com\/inflation-reduction-act\/","title":{"rendered":"Maximizing Construction Project Incentives: Understanding the Inflation Reduction Act"},"content":{"rendered":"

What is it?<\/strong><\/h2>\n

To support lower carbon emissions by 2032, the Inflation Reduction Act (IRA) Section 48 Energy Credit offers new construction and energy projects up to 6-50% of costs as a tax credit to private and tax-exempt entities. Backed by Arch Energy\u2014Consigli\u2019s energy division\u2014we help clients secure dollars by leveraging eligible tax credits to advance clean energy solutions and get one step closer to decarbonization.<\/p>\n

How Consigli Can Help<\/a><\/strong><\/h2>\n

\"\"Step 1: Identify the Project\u2019s Energy Scope<\/strong><\/h4>\n

With our Arch Energy experts, Consigli provides the guardrails to qualified eligible scope for developed projects.<\/a><\/p>\n

\"\"Step 2: Quantify the Project\u2019s Energy Output<\/strong><\/h4>\n

Based on the eligible scope, Consigli quantifies your energy project output, including the total rated capacity of heating and cooling.<\/a><\/p>\n

\"\"Step 3: Relate the Design to Domestic Content<\/strong><\/h4>\n

Our team identifies any iron, steel and manufactured products within the project scope that can be sourced domestically to maximize benefits from the \u201cMade in USA\u201d Domestic Materials Bonus.<\/a><\/p>\n

\"\"Step 4: Manage Labor Requirements<\/strong><\/h4>\n

In pre-construction, Consigli develops a plan for prevailing wage and apprenticeship requirements based on total heating and cooling output (if applicable). The project may require that 100% certified payroll and 15% total labor hours be performed by a certified apprenticeship.<\/a><\/p>\n

\"\"Step 5: Identify Other Bonuses or Tax Credits<\/strong><\/h4>\n

As Consigli helps secure IRA incentives, we will also evaluate other cost-saving incentives for use on your project, including bonus credits and local tax rebates.<\/a><\/p>\n

Where We\u2019re Doing It<\/strong><\/h2>\n