INFLATION REDUCTION ACT: THE CARROT BEFORE THE STICK FOR BUILDING OWNERS?​

With nearly $2 trillion of combined funding over the next decade, the Inflation Reduction Act (IRA) and Infrastructure Investment and Jobs Act (IIJA) are poised to create a well-paid workforce via millions of new clean energy jobs, address infrastructure and grid capacity concerns, and drive unprecedented clean energy investments and climate change mitigation. The question is, are these programs enough to motivate building owners to reduce their carbon footprint and energy consumption? Could they be setting the stage for more extreme building energy efficiency laws with the teeth to drive compliance?