U.S. Inflation Reduction Act: Impacts on Renewable Energy
2022-09-16
The signing of the U.S. Inflation Reduction Act (IRA) — enacted into law on Aug. 16, 2022 — heralds significant and long-term changes for renewable energy development and energy storage installations. The new law represents the single largest climate-related investment by the U.S. government to date, allocating $369 billion (USD) for energy and climate initiatives to help transition the U.S. economy toward more sustainable energy resources.
