The Implications of New Tax Laws & Reforms for the Energy Industry in a Post-Covid World
This presentation is designed to explain the effects of tax reform and other new tax laws to explore the impacts on the energy and building industries. Passed in late 2019 with the idea of creating economic growth, the "Omnibus Appropriations Bill" created many new opportunities within the energy industry. Other new tax bills have built further on top of this. In our presentation, we will discuss how to capture new incentives for HVAC systems and other energy efficiency upgrades that significantly reduce the upfront costs of equipment for building owners. We will explore newly revived incentives for alternative energy generation systems and energy-efficiency upgrades. We will also discuss other legacy tax incentives available for designers, and how energy companies and building owners can capture these. Our presentation is designed to give attendees a thorough understanding of how to simply include all these incentives in the calculations of energy and building project ROIs. We will then discuss how the Consolidated Appropriations Act of 2021 further incentivized energy efficiency improvements. We will explain how and when to apply these incentives in a Post-Covid economy.
Jacob Goldman, LEED, AP, is the Vice President of Energy Tax Savers (ETSI). He has a Bachelor of Science in Chemical Engineering from the University of Buffalo, an MBA from the University of Maine at Orono, and is a LEED, AP.
He is the co-author of numerous articles, published in Building Operating Management, Worship Facilities Magazine, UNIT Magazine, Green Lodging News, International Parking Institute, Corporate Business Taxation Monthly, and Thomson Reuters. He has presented to hundreds of corporations, architectural firms, engineering firms, accounting firms, local chapters of the USGBC, IFMA, BOMA, and the local Cleveland Chapter of the AEE, as well as national conferences of NFMT, NALMCO, IGSHPA, and PIMA. Jacob presented at the EMC Conference in 2016 as well. Jacob has also been a consistent speaker at GE's Nela Park and Cooper's "The Source" in Peachtree, GA.