Inflation Reduction Act 2024 Energy
Inflation Reduction Act 2024 Energy. On august 16, 2022, president biden signed the inflation reduction act (ira) into law, marking one of the largest investments in the american economy, energy security, and climate that. Collectively, the rebate programs, created by president biden’s inflation reduction act, provide $8.8 billion for states, territories, and tribes to lower energy costs and increase.
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.