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On August 16, 2022, the Inflation Reduction Act (IRA) was signed into law by President Biden after passing both chambers of Congress. This summary reflects what is in the final draft of this legislation.

In comments submitted on August 4, 2022, the Solar Energy Industries Association urges banking regulators to expand use of the CRA to include financing support for solar and storage projects of all sizes. 

Senators Manchin and Schumer reached a deal earlier this week on legislation that will provide $369 billion for energy security and climate change. If passed, the Inflation Reduction Act will create hundreds of thousands of new American jobs and establish a new era of American clean energy leadership.

It’s important that business leaders put action behind their words. Diversity, equity, inclusion, and justice initiatives can take many forms, and while the conversations essential to leading sustained change can be difficult, and the solutions complex, it is imperative that your goals are codified by written commitment.

Clean energy incentives are one of the best ways to stabilize household energy costs and save consumers money, making them one of the best tools to fight inflation and tackle climate change. This will trigger hundreds of billions of dollars in private investments and support our communities with much needed tax revenues.