To reduce emissions and increase cost savings, developers are weighing the options for heating, ventilation, and cooling (HVAC) systems for high-rise apartment buildings. Developers pursuing energy efficiency and green building certifications above the energy code, including ENERGY STAR and LEED, require energy-efficient HVAC systems to achieve energy savings targets. The standard packaged terminal air conditioners…
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On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (IRA), which includes billions of dollars in investments to reduce carbon emissions and produce renewable energy. The IRA, most notably for the residential real estate development and homebuilding industries, extends and expands the Section 45L Tax Credit for Energy Efficient Homes. Section…
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Project financing gaps are one of the most significant deterrents to implementing green building and energy-efficiency measures. The New Jersey Economic Development Authority (NJEDA) developed tax credit programs that encourage developers to pursue green building certifications or increase energy efficiency. The recently created Aspire and Emerge programs help developers finance projects with green building certifications…
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