Unlocking the Energy Transition: Federal Action and State Opportunities

Posted by Reports on Oct 7, 2022 7:55:00 AM

Publish Date: October 7, 2022

With the passage of the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), funds are available to state, local, and tribal governments; electric utilities; businesses; schools; nonprofit organizations; households; and other entities for a variety of advanced energy infrastructure projects.

These laws provide grants, rebates, loans, and tax credits to address some of state and local policymakers’ top energy priorities, such as lowering energy bills, ensuring a reliable and resilient electric grid, and supporting advanced energy jobs. An AEE analysis estimates that the economic impact of both laws combined will include $2.8 trillion in incremental economic activity, 23 million additional jobs, and $60 billion in annual consumer savings. This document outlines key advanced energy programs in both bills, as well as information about how to access the funds. More details about IIJA programs can also be found in our report Advanced Energy Infrastructure: A Roadmap for Implementation.

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Topics: State Policy, Federal Policy, Economic Impact