How the Inflation Reduction Act Can Benefit Architects, Engineers, and Contractors

Event Overview: The Inflation Reduction Act of 2022 provides significant incentives for renewable and energy efficiency technology investments, ushering in the upcoming Climate Economy. Eide Bailly’s Business Credits and Incentives team partners with select Architects, Engineers, and Contractor (AEC) firms to help navigate the potential $1.7 trillion in incentives to be given out through 2032. During this session, you will learn about those incentives that apply to the AEC Industry, learn who is eligible to participate in the Energy Incentive Program, and qualify for the R&D credit. Learning Objectives: Discuss the potential $1.7 trillion in energy incentives within the Inflation Reduction Act. Summarize the Clean Energy Investment Tax Credit (Section 48) and the Energy Efficient Commercial Buildings Deduction (Section 179D). Explore ways to reduce the first cost and increase the profitability of your projects through various tax credits and deductions. Discuss real world examples of how energy incentives can be implemented into your tax cashflow strategy. Determine how AEC firms qualify for and benefit from the R&D tax credit.