A Briefing on the US Inflation Reduction Act – Implications for Real Estate and Climate
Webinar Summary: The Inflation Reduction Act of 2022 is the latest reason that the business case for real estate decarbonization has never been stronger. The bill was signed into law after months of negotiation and anticipation, dedicating almost $370 billion to address climate change over the next 10 years. This webinar will explain how these revisions to the tax code can help the real estate industry accelerate progress on decarbonization and net zero goals. Moderated by Billy Grayson, Executive Vice President of Centers and Initiatives at ULI, a distinguished panel of leaders will provide an overview of the bill’s relevant provisions, which include a tax deduction for commercial and multifamily energy efficiency and tax credits for renewable energy generation, electric vehicle charging stations, and energy-efficient residential construction (including multifamily). The webinar will also include a local government perspective about the ways the Inflation Reduction Act will spur progress toward cities’ net zero goals and build the local workforce through “green” apprenticeships and high-paying jobs. Leaders from the real estate owner/development community will also provide insights on how their companies plan to incorporate these tax deductions and credits into their decarbonization strategies.