The Inflation Reduction Act (IRA) is the greatest investment in US economic growth and climate action in our lifetimes. With the passage of the IRA and the Bipartisan Infrastructure Law (BIL, also known as the Infrastructure Investment and Jobs Act, or IIJA), there’s never been more federal funding available to kickstart clean energy projects. This unprecedented opportunity is accelerating the transition to clean energy not just at home — it’s spurring a race to the top globally.
The potential benefits of these investments are huge: economy-wide development and investment, pollution reduction and health benefits, job creation, progress toward climate goals, and more. The IRA also has equity-focused incentives designed to benefit low-income, energy, and Black, Indigenous, People of Color (BIPOC) communities, which will make the energy transition more prosperous for all.
And yet, the very scale and complexity of these incentives are so vast, they can slow adoption at a time when urgency is high, and entities have a strong incentive to act quickly. We’ve broken down the opportunities to help you understand which parts you can take advantage of and how.
The opportunities are enormous, but the clock is ticking: Many of the IRA’s most lucrative benefits will expire by 2032, and some much sooner. Explore the opportunity below.