The Inflation Reduction Act was passed August 12 in the U.S. House of Representatives and is expected to be signed by President Joe Biden on August 16.
The market for automated systems in commercial buildings is growing rapidly, driven by increasing energy-efficiency goals, improving technology, and updated standards set by governments and professional associations.
A new bill in Congress compliments the Biden administration’s push for IAQ improvements by offering tax credits for IAQ assessments and air-filtration and HVAC system upgrades in many non-residential buildings.
The advance shows practical pathways for designing paints that, if used on rooftops and other parts of a building, could significantly reduce cooling costs beyond what standard white ‘cool-roof’ paints can achieve.
Up to $10 million is available for state, local, and tribal governments in competition to validate innovative building technologies for commercial buildings and the public sector.