With an estimated $369 billion in tax credits and financing for clean energy strategies, the Inflation Reduction Act (IRA) is the single largest U.S. investment in climate action. This funding makes pursuing clean energy solutions easier and more affordable than ever, putting our country on a path to reduce its emissions 40% by 2030.
The Dane County Office of Energy & Climate Change is sharing resources about the IRA to encourage everyone in Dane County to take advantage of these unprecedented opportunities to go green.
The IRA's impact is projected to be substantial:
Impact in Wisconsin
The IRA creates an unprecedented opportunity to accelerate clean energy adoption in Wisconsin. By supplementing the renewable energy and energy efficiency incentives available from Focus on Energy, the IRA will spur adoption of clean energy improvements across the state. The IRA also creates new incentives for the electrification of buildings and fleet, which will reduce greenhouse gas emissions.
Read more about the benefits projected for Wisconsin communities from White House officials.
Photo: Credit Suisse
The Federal Government has set a goal that 40 percent of the overall benefits of certain Federal investments will flow to disadvantaged communities that were historically underserved and/or are disproportionately impacted by climate change. To meet this goal, many Federal program guidelines are being rewritten to ensure disadvantaged communities are positioned to receive at least 40 percent of available funding. This means that 40 percent of the available grants and spending within the IRA will be focused on underserved communities.
Watch some our latest talks, webinars, and podcasts around the community about the Inflation Reduction Act. You can also download handouts and information to share on social media to communicate IRA-related information within your organization and members.