Featured in Bags of cash – 11-2022

Solar tops the bill

The US Inflation Reduction Act of 2022 sets aside $369 billion to decarbonize the economy and respond to climate change. pv magazine USA’s Anne Fischer and Ryan Kennedy report on the boost the landmark legislation is expected to provide to solar and battery deployment and manufacturing.

By

Ryan Kennedy

09 Nov 2022

The boost to US-based solar manufacturers delivered palpable energy to the RE+ event, which started on Sept. 19 in Anaheim, California. | Photo: Corpora Studios

The Inflation Reduction Act (IRA), signed into law by US President Joe Biden in August, is the largest climate and energy spending package in US history. The massive bill includes $600 billion in spending, $370 billion of which is dedicated to renewables and climate resilience.“This act includes $369 billion to take the most aggressive action …

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