The Inflation Reduction Act (IRA) signed into law by President Biden this week includes expanded tax credits that are expected to spur building owners and developers to make energy-efficient improvements that speed the decarbonization of commercial real estate.

Under the IRA, the maximum allowable benefit for the 179D Energy Efficient Buildings Tax Deduction will expand in 2023 from $1.88 per square foot to $5.00 per SF.

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Jack Rogers

GlobeSt

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