Dollars for Decarbonization: Top Six Funding Sources All Building Owners Should Know About

1. Federal Funding

The Inflation Reduction Act of 2022 (IRA)
Up to a potential 70% tax credit for the installation of clean energy technology and storage.
_{Investment Tax Credit Section 48}

Up to $5 per ft² tax credit for costs related to energy efficiency and electrification projects in new and existing buildings.
_{Energy Efficiency Commercial Buildings Deduction (179D)}

2. Utility Incentives

Many utility companies are offering incentives and rebates to help pay for purchasing electrify heating and cooling systems.

3. Third-party Investors

Green investor strategies include Environmental, Social and Governance (ESG) funds, green bonds, various service models and private purchase financing.

4. Energy Cost Savings

Investing in modern, energy-efficient systems can put operational cost savings back into your budget.

5. Shareholder Value

Fighting against climate change by decarbonizing your building can make your business more attractive to investors.

6. Brand Equity

Customers actively support brands that align with their values. Decarbonization can bolster your bottom line by increasing sales to customers that prioritize sustainability.