Posts Tagged ‘ Inflation Reduction Act ’

More Energy-Efficient Incentives Are On the Way

May 24th, 2023

Bloomberg recently cited data from the National Energy Assistance Directors Association in reporting that 20 million U.S. households are behind on their energy bills. While those struggling to cover bills may not be in a position to afford costly energy upgrades, new efforts are now in place that could help to alleviate that burden. The […]

Construction Industry Eyes Public Sector in 2023

May 17th, 2023

The Associated General Contractors of America (AGC) released its 2023 Construction Hiring and Business Outlook report, showing that contractors continue to struggle with supply chain and hiring constraints. However, many indicate reinforced attraction and retention efforts, and optimism that public-sector projects show promise for the year ahead. According to the report, contractors are generally optimistic […]

Home Remodeling Projected to Decline in 2024

May 3rd, 2023

Homeowners have been making improvements to their dwellings on a steady basis for nearly a decade, with those efforts expanding over the past few years with COVID-19. However, according to the newly released Leading Indicator of Remodeling Activity (LIRA) from the Remodeling Futures Program at Harvard’s Joint Center for Housing Studies, that trend could come […]

The Inflation Reduction Act and Tax Credits

Jan 11th, 2023

Over the past 30 years, I have seen a lot of ups and downs. Just when I thought I had seen it all, COVID-19 came. The past three years have been some of the most interesting I’ve ever experienced in the door and window business, but, as usual, they have brought the creativity of our […]

Treasury Issues Guidance on Energy Tax Credit Labor Provisions

Dec 1st, 2022

Earlier this week, the Department of Treasury and Internal Revenue Service (IRS) issued initial guidance for prevailing wage and apprenticeships as would apply under the Inflation Reduction Act’s labor requirements for certain energy tax incentives. IRS Notice 2022-61 was published yesterday via the Federal Register, marking the start of the 60-day period until the wage […]

Vice President Discusses Inflation Reduction Act Home Rebates

Nov 4th, 2022

The Inflation Reduction Act, passed in August, provides rebates and tax credits to homeowners investing in energy-efficient upgrades, including new windows. It will also help the economy as well, said Vice President Kamala Harris when she addressed the Sheet Metal Workers Local 17 in Boston earlier this week. “We are fighting together to lower home […]

FGIA Fall Conference Addresses Dynamic Glass Tax Code Incentives, Inflation Concerns

Oct 6th, 2022

The Fenestration and Glazing Industry Alliance (FGIA) Hybrid Fall Conference’s regulatory and legislative report dove into inflation concerns, tax code incentives embedded in the Inflation Reduction Act, FGIA public comments, along with additional topics concerning the U.S. fenestration and glazing industry. The report, presented by FGIA U.S. technical operations director Kathy Krafka Harkema, opened with […]

NAHB to Host Inflation Reduction Act Webinar on Oct. 20

Oct 6th, 2022

The National Association of Homebuilders is following up on its September webinar with a new look at the Inflation Reduction Act, which was signed into law on August 16. To provide additional guidance, and address questions the homebuilding industry has about the new energy tax incentives and updates to long-standing tax provisions the Act has […]

Inflation Reduction Act Signed into Law without NAHB Support

Sep 15th, 2022

The passage of the Inflation Reduction Act in August and subsequent signing of the legislation into law by President Joe Biden lacks support from the National Association of Home Builders (NAHB). The association calls the measure “flawed” as it reportedly fails to ease inflationary pressures on housing while at the same time advancing building and […]

Inflation Reduction Act Promotes Renewable Energy, Looks to Drastically Cut Emissions

Aug 15th, 2022

The Inflation Reduction Act passed the House this past week becoming the country’s most ambitious energy and climate policy to date. The legislation paves the way for more clean energy, updated building codes, billions of dollars for communities in need of climate change help as well as providing an array of tax incentives to push […]