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How 2022 IRA Will Impact Roofing Contractors

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The inflation-reduction law includes $121 billion of clean-energy tax incentives, which will accelerate renewable power installations on the power grid and lower households electric bills. There is also money for roofers and construction companies. That brings us to this article and why we are writing it. You, the consumer and customer, should always be informed on what you are about to purchase. That is what this article is being written by Roofing Contractor Arizona Pristine Roofing

 

How the Inflation Reduction Act (IRA) will Impact Phoenix-Tucson Arizona

 

Tucson Mayor Regina Romero says, “It will not only be good for our climent and our economy in creating green jobs, but it will be a good public health measure that will protect communities of color and low-income communities in the city of Tucson,”

 

The bill would slash greenhouse gas emissions by 40% by the year 2030. Whether or not that is possible is yet to be seen! However, it focuses on changing the heating and cooling of buildings and transportation to renewable energy. Something that climate experts say is critical. It also includes incentives for people to buy electric vehicles: a $4,000 tax credit for a used vehicle and $7,500 for a new one. The more Arizona is informed about such plans, the EV revolution hype doesn’t seem to be working out as well as planned. However, we have yet to see how this all pans out.

 

The IRA extends previous energy tax incentives and includes substantial provisions for residential and commercial property owners, which will help reduce their electric bills, make their properties more energy-efficient, and help them afford technologies that will lower the carbon emissions of both residential and commercial property owners.

 

This bill would give green technology companies and in this instance any roofing contractor that uses new Cool Roof technology, a huge incentive!

 

“What’s it going to do for [green energy] stocks? I think it’s only going to bolster them,” says Peter Krull, the director of investments at Earth Equity Advisors, a North Carolina-based registered investment advisor specializing in sustainable investing. “After a great 2020, 2021 and 2022 have been pretty dismal for anything in the alternative energy space,” Krull says. “This should start to bring them back into positive territory.”

 

Must Look Into New Green Roof Technology

 

Plants absorb the suns energy, thereby reducing the roofs temperature during summer, while trapping heat during colder months. This helps to lessen HVAC load (HVAC systems use the most electricity in your home or business). Lower roof air temperatures increase efficiency of HVAC equipment that is designed to reduce heat in the building, as they are operating in lower ambient temperatures. Not having to run air conditioners or other cooling systems so frequently, homeowners and commercial property owners also experience lower power bills, up to 7% to 15%, according to the Cool Roof Rating Council.

 

Ecological and Human Health Benefits of New Green Roofing Technology