Featured in Solar springs eternal – 09-2023

IRA springs into action

One year after the introduction of the US Inflation Reduction Act (IRA), its funding opportunities are coming to fruition and the community benefits are real, write pv magazine USA’s Anne Fischer and Ryan Kennedy.

By

Anne Fischer, Ryan Kennedy

07 Sep 2023

Community solar projects, like this one in Massachusetts, are expected to grow in scale by 8% per year from next year, adding up to 14 GW of generation capacity across the US by 2028. | Photo: Wikimedia Commons

The IRA is not just about tax credits and incentives. It is providing billions of dollars in grants and loans for clean energy and climate action, with an emphasis on energy justice and meeting the needs of residents in disadvantaged communities, tribes, and rural areas. The act also advances the Justice40 Initiative, which aims to …

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