FEBRUARY MONTHLY MEETING and PAST PRESIDENTS CELEBRATION
February 19, 2025
6:00 PM - 8:00 PM
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Maggiano's North Park
205 Northpark Center
Dallas, TX 75225
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Join us for our monthly meeting and past presidents celebration!
Please arrive at 6:00pm for registration and networking. Dinner will be served at 6:15pm followed by chapter announcements and introductions. The technical presentation will begin at 6:30pm. We look forward to seeing you!
Past Presidents of ASHRAE - Please join us for this meeting so we can celebrate you and your contributions to our chapter!
Topic
Inflation Reduction Act and 40% Tax Credits for Thermal Storage
Overview
The Inflation Reduction Act of 2022 invested $369B in clean energy and GHG reductions. It extended the 30% tax credits for wind, solar, geothermal, and EV projects. It added energy storage projects to the 30% tax credit, recognizing that the US would not achieve its 100% renewable energy goal by 2050 without energy storage. There were 10% bonus tax credits if the system was manufactured in the US and if the project was located in an energy community. OK, the projects had to comply with prevailing wage and apprenticeship programs or be reduced by 80%. The big change was that now tax-exempt organizations could obtain these tax credits directly from the IRS.
Learning Objectives
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Understand the amount of tax credits a TES project qualifies for and if it must meet the Prevailing Wage and Apprenticeship Program. Understand
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Understand how a thermal storage system can be charged with surplus solar and wind energy to support a clean grid
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Describe how to submit paperwork to the IRS to receive direct payment for a thermal energy storage tax credit
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Understand how a thermal storage project can qualify for both a tax credit and a utility rebate, and how that affects the economics
Presenter
Bruce Lindsay
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.
Meeting Notes
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The presentation, if possible, and PDH will be posted to the meeting page on the website after the meeting.
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Please register early to assist your chapter volunteers with headcounts for the venue. Maximum capacity is 70 guests.
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Late fee of $10 will apply beginning at 10pm two days prior to the meeting.
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Online registration closes at 9am the day of the meeting. On-site registration is available. Please be prepared to pay cash, card, or check for the registration fee + $10 late fee.
Tickets
$35.00 ASHRAE Members
$45.00 after 10:00 pm February 16
$60.00 Guest Ticket
$70.00 after 10:00 pm February 16
$0.00 Texas AirSystems - Platinum Sponsor Admission
$0.00 HTS - Platinum Sponsor Admission
$0.00 McMillan James - Platinum Sponsor Admission
$0.00 Oslin Nation - Platinum Sponsor Admission
$0.00 RWB - Engineers for ASHRAE Sponsor Admission
$0.00 Past President Admission
