IRA

IRA Spurs Private Investment and Innovation in Clean Energy

The IRA provides long-term investments and tax credits that boost business confidence in pushing forward with private investments.

Teralyn Whipple

Jun 30, 2023 — 2 min read

Photo of Fatima Maria Ahmad of Boundary Stone, Ed Rightor of Information and Technology and Innovation Fund, Harrison Godfrey of Advanced Energy United, Chris Perrault of Powerhouse and Julian Spector of Canary Media

WASHINGTON, June 27, 2023 – The Inflation Reduction Act of 2022 spurs private investment in clean energy, bipartisan support for clean energy solutions, and broadband solutions to energy efficiency, said panelists at a Broadband Breakfast event Tuesday.

The IRA, which invests $400 billion in federal funding to clean energy, is a central part of the White House’s initiative to revitalize the American industry. The majority of the law’s investment comes in the form of tax credits. Corporations will receive an estimated $216 billion in tax credits, which are structured to accelerate private investment in clean energy, transport and manufacturing.

Post tagged in

IRA Environment Advanced Energy United Boundary Stone Center for Clearn Energy Innovation Chris Perrault Ed Rightor Fatima Maria Ahmad featured Harrison Godfrey Information and Technology and Innovation Foundation