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Government shutdown looms after Trump-backed bill fails; Environmental groups sue CA Air Resources Board over biogas credits; NY elected officials work to electrify municipal buildings; Need a mental health boost? Talking hot dog is here.

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President-elect Trump repeats his threats to jail Jan. 6th committee members, while also putting a stop-gap spending plan in jeopardy. A court removes Fani Willis from Trump's Georgia election interference case. The FAA restricts drones in New Jersey, and a Federal Reserve rate cut shakes markets.

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Rural folks could soon be shut out of loans for natural disasters if Project 2025 has its way, Taos, New Mexico weighs options for its housing shortage, and the top states providing America's Christmas trees revealed.

Driving Ohio's energy-efficiency plans with IRA support

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Monday, August 19, 2024   

This past Friday marked the second anniversary of the Inflation Reduction Act, a milestone for Ohioans looking to make their buildings and homes more energy efficient.

Tax credits in the IRA have provided crucial financial incentives, and some Ohioans - both homeowners and businesses - have been taking advantage of them.

But Marcus Hazelwood, director of building optimization with EA Energy Solutions, said not everyone is aware of how tax deductions can offset the initial cost of energy-efficient upgrades - so it's important to keep getting the word out, especially to business owners.

"Helping them understand that with their existing infrastructure, the opportunity to see how a source of funding and capital to improve their buildings - which in the long term reduces their operational costs," said Hazelwood, "this is kind of supporting the initial up-front capital needed."

Ohio's new energy code simplifies qualifying for IRA deductions, which backers say also promote economic growth by supporting well-paid local jobs.

But critics of the IRA have said its cost is too high and that it doesn't do enough to lower the cost of energy-efficient products and services.

Ben Evans - federal legislative director with the U.S. Green Building Council - said the IRA isn't focused only on businesses, but also has benefits for individual property owners.

He explained that the versatility of the tax incentives, grants, and low-cost financing allows homeowners to maximize their savings and make meaningful improvements to their property.

"And the beauty of the Inflation Reduction Act is that you can combine a lot of these," said Evans. "It's not like you have to just pick one. You can get a couple of different tax incentives for the same project. Let's say you're renovating a building and you're also adding some rooftop solar. You can get tax incentives for each of those."

The IRA is made up of multiple programs, like the Greenhouse Gas Reduction Fund, to boost energy efficiency.

Evans said Ohio is well-positioned to lead in this area, and that people have ample time to leverage these incentives over the next decade.




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