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Stay in the know regarding the benefits of ITC for Electrochromic (smart) glass.
Memorandum by Foley & Lardner and joint letter/comments to the IRS.
A 6 – 50% ITC for Electrochromic Glass projects was added to the Inflation Reduction Act of August 2022.
Smart Glass powered by HALIO is an electrochromic technology that is included in the ITC.
The net effect of the ITC on a typical HALIO project’s cost is to make smart glass as affordable as Low-E.
Requires all significant value-adding processes turning raw steelmaking materials into a finished steel product be done in the U.S. while allowing certain globally-sourced steelmaking additives and alloys.
Encourages projects in communities that have an economic reliance on fossil fuels and have job losses.
Typically, Electrochromic smart glass will be as affordable as Low-e glass, and often even more affordable. The example below illustrates a 40% ITC, saving upfront costs, while delivering direct benefits of a smart glass building once occupied, including up to 22% energy savings, lower OpEx/maintenance, unobstructed views, and beautiful building aesthetics.
Learn more about the benefits and impact of ITC by using HALIO Smart Glass. Talk with an expert about your next building project and how ITC can work for you.