The National Glass Association Outlines Impacts of the Inflation Reduction Act of 2022

The National Glass Association Outlines Impacts of the Inflation Reduction Act of 2022
Photo source
www.glass.org

Date: 18 August 2022

Bill includes opportunities for glazing and glass building products industry

NGA applauds the signing of the Inflation Reduction Act of 2022 today, August 16, 2022, by President Biden. Most notable to the glazing and glass building products industry, the bill provides almost $400 billion to fund energy and climate projects aimed at reducing carbon emissions by 40 percent by 2030. 

In addition to clean energy and efficiency incentives for individuals, the bill includes items of interest for businesses that install or manufacture high-performance glazing-related products. 

HIGHLIGHTS OF THE BILL

  • Expands the ability for commercial building owners to take advantage of energy-efficient design in both new and existing buildings.
  • Increases the deduction amount for companies who meet prevailing wage and apprenticeship requirements. 
  • Extends and increases the tax credit for Energy Star homes and multifamily buildings.
  • Recognizes electrochromic glass as an “energy property” and allows for a tax credit for its use.
  • Includes over $60 billion for on-shore clean energy manufacturing in the U.S. across the full supply chain of clean energy and transportation technologies.
  • $330 million appropriated to the DOE to help states and local governments adopt residential and commercial building energy codes.
  • $250 million appropriated to EPA to develop a program for EPD assistance, including grants to building construction materials manufacturers to develop and verify EPDs.
  • $5.8 billion appropriated to DOE for competitive grant projects through 2026 for industrial facilities to install, retrofit, or upgrade technology to reduce greenhouse gases.

NGA’s Advocacy Team is preparing a memo exclusively for NGA members identifying details within the bill of interest to glazing and glass building products companies, and will host a webinar on Wednesday, September 7, with Urmilla Sowell, NGA’s director of advocacy and technical services, and Tom Culp of Birch Point Consulting, NGA’s energy code consultant. Registration for the webinar will open in the coming days to both NGA members and nonmembers. Stay tuned for details.

NGA will continue the conversation on the Inflation Reduction Act with legislators, agency officials and members at its second annual Glass & Glazing Advocacy Days, slated to be held in April 2023, in Washington, DC. 

600450 The National Glass Association Outlines Impacts of the Inflation Reduction Act of 2022 glassonweb.com

Others also read

NGA has published an updated Glass Technical Paper (GTP), FB39-25 Glass Properties Pertaining to Photovoltaic Applications, which is available for free download in the NGA Store.
The Fenestration and Glazing Industry Alliance (FGIA) has named three new Honorary Members of the Association.
The Parliament’s draft resolution points out the difficulties facing energy intensive sectors, primarily high energy prices and decarbonisation challenges and calls for rapid action on energy prices, permitting, trade defence and carbon leakage.
FGIA has released an updated specification outlining methods, equipment and materials applicable for cleaning architecturally finished aluminum after construction and for subsequent periodic maintenance.
GIMAV addresses the 2025 scheduling overlap between Glass South America and VITRUM25, highlighting its impact on industry participation and urging a discussion for future solutions.
On March 12, Glass for Europe Board members met in the association’s new offices in Brussels for their first meeting of the year.

Add new comment

From industry

NEWS RELATED PRODUCTS

Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.
Diamon-Fusion International, Inc.