With nearly $370 billion in funding for climate and energy initiatives there are a lot of exciting opportunities in the bill. A few other notable areas include:
- State-based Home Energy Efficiency Contractor Training Grants that reduce the cost of training as well as provide testing and certification.
- Tax credits over a period of 10 years for qualifying facilities producing renewable energy to promote new wind, solar, battery storage, etc.
- Funding for the USDA Rural Energy for America program that supports the generation, storage, and use of renewable energy in rural communities.
We will continue to add to this FAQ as more details arise about these and other parts of the IRA.
The information provided was sourced directly from the Inflation Reduction Act bill or other supporting materials where noted.