The Inflation Reduction Act – One Year Later August 25, 2023
On August 16, 2023, the Inflation Reduction Act (IRA) had its first anniversary. Since its passing, the landmark climate and clean energy legislation has ushered in a new era of clean energy investment in the United States. As of July 2023, 272 new clean energy projects in 44 US have been announced or started, totalling $278 billion in new investments. The IRA created 170,600 new clean energy jobs, and in the first half of 2023, US companies built more new solar generation than natural gas. The IRA also provides funds directly to consumers and property owners who decarbonize their homes and lifestyles in the form of tax credits and rebates. To find out exactly how much money you can receive from the IRA in your specific ZIP code, use Rewiring America’s IRA Calculator.