The nearly $369 billion in climate and clean energy provisions in the Inflation Reduction Act include grants and tax credits that will bring down emissions and provide businesses with the certainty they need to make long-term investments in clean energy.
Key benefits of the investments will boost American competitiveness, strengthen domestic supply chains and create millions of jobs. The law secures American supply chains by investing in new and adapted manufacturing facilities.
The law supports the domestic production of technologies from batteries to heat pumps and positions American businesses to compete in the global energy economy. The byproduct of this support: an opportunity for businesses to create millions of jobs across the country.
Stable, long-term incentives will drive investments in clean energy by both manufacturers and purchasers. For example, the legislation extends investment and production tax credits for renewable energy and storage for a decade. These credits were previously limited to one to three years, making future planning difficult.
DSIRE: Find incentives by zip code: Database of State Incentives for Renewables & Efficiency
More Reading:
What the Inflation Reduction Act means for the real estate and construction industries. On–demand Webinar
Article: Four provisions real estate companies need to know from the Inflation Reduction Act
State of Ohio specific programs for renewable and efficiency.
Residential property owners and renters also benefit. Learn more at Making Our Homes More Efficient: Clean Energy Tax Credits for Consumers
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