10/29/2024

How the Inflation Reduction Act has Remade America since 2022

Some areas of the nation have won big while others have not

Two years ago, Congress passed the biggest climate bill in U.S. history — the Inflation Reduction Act, which spurred growth in solar panels, batteries and electric vehicles across the country.

Since then, money devoted to clean energy — initially estimated at $369 billion, but with the potential to reach up to $1 trillion — has flowed into almost every state, largely in the form of tax credits.

But this gusher of cash has also created winners and losers, according to a Washington Post analysis of data from the Massachusetts Institute of Technology (MIT) and the clean energy modeling think tank Rhodium Group.

Please select this link to read the complete article from The Washington Post.