What is the Inflation Reduction Act (IRA)?
The Inflation Reduction Act of 2022 is legislation that expanded many incentives for building owners to support energy efficiency and sustainability projects.
Funding & Incentives for Building Owners
Funding Energy Efficiency and Sustainability Projects
Help fund full-building infrastructure improvements with tax incentives, utility rebates and grants.
Navigating the complex funding landscape can feel daunting, from finding incentive opportunities to actually securing financing for your energy projects. With billions of dollars awarded annually in tax credits and other options, don’t leave money on the table.
Tax and utility incentives are typically awarded for investments that improve building performance in areas like energy or water efficiency, indoor air quality, grid strain reduction or leveraging renewable energy. Securing them requires proactive planning, dependable equipment installation and precise performance tracking to verify qualification standards are met.
Unlike other companies that only provide or construct building equipment, Trane’s building and energy experts work with you to identify the right solutions and incentive opportunities tailored to your priorities. Once we land on a final project plan, we can design, build and help operate your facilities to achieve your mission-critical goals for years to come.
Benefits
Advantages of Leveraging Incentives
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Maximize Your Savings
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Avoid Regulatory Penalties
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Enhance Building Resiliency
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Support Sustainability Goals
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Elevate IAQ & Comfort
Business energy tax incentives
Tax Incentives for Whole-Building Projects
Building owners have used federal and state tax incentives for decades to drive large-scale building, infrastructure and energy generation projects. Recent legislation, such as the CHIPS Act and IRA, has further expanded tax incentive opportunities. Trane can help you implement infrastructure improvements that may leverage these incentives to enhance building efficiency and increase business value.
Utility Rebates
Utility Rebates & Programs Available
Around the world, over $4 billion in rebates are annually awarded to help commercial and industrial building owners address key concerns like reducing grid strain and greenhouse gas emissions. Trane can help you identify the best building incentives for your business priorities. While specific offerings vary from state to state, common utility rebates and programs may include:
For reducing a facility’s energy demand through a variety of pre-approved solutions.
For upgrading to energy-efficient heating, ventilation and air conditioning systems.
For implementing renewable energy generation through solutions like solar panels or wind turbines.
A billing mechanism that credits solar energy system owners for the electricity they add to the grid.
Grants
Eligible Government Grants
Federal and state agencies award grants for a variety of building improvements, notably for investments that reduce greenhouse gas emissions, grid strain and overall energy costs for building owners.
Resources & insights
Learn More About Leveraging Incentives
Looking for more detailed information on funding and incentives? Check out our Legislative and Incentive Resource Center
Customer Stories
How We’ve Helped Communities & Businesses Fund Projects
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