What’s Happening?
Buildings play an integral role in our communities, from healthy environments for people to work and play, to reliable shelters for those in need. The federal government has enacted a historic wave of new legislation to help protect these spaces and transform American prosperity for years to come.
Forecasted as the largest investments in infrastructure resiliency, equity and climate action in U.S. history, these interconnected laws commit several billion dollars in funding, incentives and regulations that are already impacting commercial and industrial buildings.
Here are the new laws you need to know about:
Inflation Reduction Act (IRA)
Bipartisan Infrastructure Law (BIL)
CHIPS and Science Act (CHIPS Act)
American Rescue Plan Act (ARPA)
Legislation packages at a glance
BIL Overview
Also known as the Infrastructure Investment and Jobs Act Law (IIJA), the BIL aims to strengthen the nation by improving infrastructure, combating the climate crisis and advancing environmental justice while investing in historically underserved communities.
Estimated Value
Over $1.2 Trillion
Effective Date
Signed into law January 2022, incentives available now
Learn More
Visit the White House’s BIL resource center at build.gov to learn more.
CHIPS Act Overview
The CHIPS Act, or Creating Helpful Incentives to Produce Semiconductors Act, aims to strengthen domestic manufacturing, supply chains and security by catalyzing investments into R&D and leading-edge technologies for commercial and industrial buildings.
Estimated Value
$280 Billion+
Effective Date
Signed into law August 2022, incentives available now
Learn More
Read the White House’s CHIPS Act fact sheet to learn more.
ARPA Overview
The ARPA commits funding to help communities recover and bring people back together again, safely, in the wake of the COVID-19 pandemic. As part of the ARPA, several institutional funding programs are helping communities improve the reliability, health, and comfort of the buildings Americans rely on most.
Estimated Value
$1.9 trillion
Effective Date
Signed into law March 2021, incentives available now with obligation deadline of 2026
Learn More
Visit our State and Local Fiscal Recovery Funding page to learn more about the $350 billion available to local governments for modernizing community centers, libraries, fire stations and more.
Visit our Elementary and Secondary School Emergency Relief Funding page to learn more about $122 billion in aid for to improve the efficiency, HVAC and IAQ of public k-12 schools.
Visit our Higher Education Emergency Relief Funding page to learn more about $40 billion in aid to help monitor and support healthy IAQ in higher learning facilities.
How it Impacts You
This legislation introduces several solutions to help building owners, organizations and manufacturers make buildings “better” – meaning more reliable, affordable, sustainable and healthier overall.
Each of these laws are already impacting commercial and industrial buildings in unique and interconnected ways. Click through the boxes below to see how.
These incentives offer a once-in-an-era opportunity to:
Maximize cost-savings and ROI
Enhance resilience and efficiency
Support health and equity
Accelerate climate action efforts
What are Incentives Eligible for?
This legislation introduces several incentives to help building owners and operators decarbonize, electrify and improve overall efficiency through a myriad of investments including:
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We’ll help you capitalize on this opportunity before it expires.
From navigating incentives before they expire, to preparing for approaching codes and standards, our team will be with you every step of the way. After we find the right solutions for your unique goals, we’ll also help you measure, validate and optimize your building’s performance to ensure you meet program requirements today and well into the future. Click through the solutions below to learn more about how you can improve your building with Trane.
