April 2024 Membership Luncheon
Country Club of Orlando1601 Country Club Drive
* Registration open until 4/12/24 at 3:00 PM (EST)
Inflation Reduction Act & Thermal Storage Opportunities for Commercial Office Buildings
Bruce B. Lindsay, PE, CEM is currently the Business Development Leader for Trane’s Thermal Storage Systems (CALMAC ice tanks) and focuses on the investment tax credits in the US Inflation Reduction Act of 2022. Mr. Lindsay has been involved in thermal storage for over 30 years and was the Executive Director of the Electric Power Research Institute’s Thermal Storage Research Center at the University of Wisconsin-Madison. He was recently the Energy Manager for Brevard County Public Schools (Florida), where he had 84 schools of which 20 had ice storage systems. He is an ASHRAE Distinguished Lecturer and Program Chair for ASHRAE TC6.9 Thermal Storage.
President Biden signed the Inflation Reduction Act of 2022 on August 15, 2022. It provided $369B for renewable energy and climate change programs. Most of that was to extend existing tax credits for wind, solar, geothermal, and electric vehicles. The IRA did add energy storage technologies, and specifically thermal energy storage. It also had bonus tax credits for US production and energy communities. Thermal energy storage systems now qualify for a 40% tax credit. That is a game changer! They also have a 5-year depreciation as opposed to 39-year for HVAC systems. If you are replacing a chiller, a chiller with storage will be much less expensive to install and operate.
Registration closes Friday, April 12, 2024 at 3 pm or when capacity is reached.
Cancellations received after registration deadline will not be refunded due to food & beverage guarantees already submitted. Substitutions may be permitted up to 24 hours prior to event; for this event, that date is 11 am Tuesday, April 16).
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For More Information:
St. Cloud, FL 34771 (407) 380-3320