Inflation Reduction Act (IRA) 2022:
- Overview: The IRA includes significant funding for green building initiatives, offering tax incentives for energy-efficient building improvements and renewable energy installations. The act encourages retrofitting existing buildings to enhance energy efficiency and reduce emissions.
- Impact: This legislation provides financial incentives for both residential and commercial property owners to adopt energy-efficient technologies and renewable energy systems, driving significant advancements in green construction practices.
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Building Performance Standards (BPS):
- Overview: Cities and states, including New York City (Local Law 97), Washington, D.C., and St. Louis, have introduced BPS to mandate reductions in greenhouse gas emissions from buildings. These standards typically set specific targets for energy use intensity (EUI) or carbon emissions per square foot, with compliance timelines.
- Impact: BPS require building owners to monitor and report energy use and emissions, and to make necessary improvements to meet the set targets. This pushes for widespread energy efficiency upgrades and adoption of green technologies.
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California Energy Code (Title 24):
- Overview: Updated periodically, the California Energy Code sets stringent energy efficiency standards for new buildings and major renovations in the state. The latest updates emphasize solar photovoltaic systems, battery storage, and advanced lighting systems.
- Impact: Title 24 ensures that buildings in California are among the most energy-efficient in the nation, promoting the use of sustainable building materials and renewable energy sources.
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