On the Climate Bill’s Second Birthday, Surging Successes — But a Split Reality
The Inflation Reduction Act promised an unprecedented wave of clean energy growth. Two years on, the act’s impacts are exceeding even optimistic initial estimates.
On this page, learn how to maximize benefits from the Inflation Reduction Act (IRA), the Bipartisan Infrastructure Law (BIL), and related federal policies and incentives.
The Inflation Reduction Act (IRA) is the greatest investment in US economic growth and climate action in our lifetimes. Together with related bills, its benefits will be far-reaching, including nationwide economic stimulus, cleaner air, improved health, new jobs, progress toward climate goals, and more. Across the board, these equity-focused incentives are designed to ensure benefits flow to the communities that need them most. And yet, these incentives’ sheer scale and complexity can slow adoption, raising the risk of missing key deadlines.
To cut through this complexity, in this section, we’ve highlighted the opportunities and how to access them.
But to maximize the benefits to the economy, health, and climate from these investments, rapid implementation is imperative. It's now up to state and local policymakers, businesses, nonprofits, utilities, and everyday consumers to seize the opportunity and implement the IRA.
In this section, we've assembled more detailed information and guidance to effectively pursue and apply IRA investments across multiple programs, recipients, and sectors.
The good news is that many states, cities, businesses, and other stakeholders are already accessing this funding and building out clean energy projects. While federal authorities continue to roll out guidance on funding, projects that were in the pipeline are already benefiting and new projects are seeing their design, development, and deployment speed up.
To document this progress, below, we are collecting case studies and examples of successful IRA implementations.
The Inflation Reduction Act promised an unprecedented wave of clean energy growth. Two years on, the act’s impacts are exceeding even optimistic initial estimates.
Examples of meaningful local benefits to include in federally funded energy projects…
A toolkit for electric utility regulators to ensure utility resource plans incorporate the opportunities presented by federal funding.
How two utilities could use EIR financing to invest in clean energy, benefitting their ratepayers and improving grid resilience.
Clean Repowering is a no-regrets method to accelerate renewable energy deployment and redevelop energy infrastructure across the United States.
RMI research and analysis highlights how clean energy resources can interconnect faster and cheaper by developing at existing generation sites.
How new clean electricity generation and storage projects can weather the turbulence and help the energy transition stay on course.
The IRA-backed New ERA program advances a more reliable, affordable, and clean electricity system for rural America.
More than a year after its passage, most utilities have ramped up clean energy deployment, but much more ambition is needed for the United States to achieve climate goals.
A study on policy and financing strategies to affordably decarbonize coal power purchase agreements, focused on Indonesia but applicable globally.