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Climate Tech Break: IRA in Action
Unprecedented climate legislation is opening a vast array of opportunities for those in the cleantech space. The $369 billion dollars in federal funding is proving to be a gamechanger by delivering critical investments to climate tech developers and manufacturers. Companies are taking advantage of tax incentives and grants for solar, wind, and other renewable energy projects. Developments are moving even faster in e-mobility, where Americans now can now tap into a $7,500 credit to buy EVs. The law also requires that some manufacturing and assembly of EVs happens right here at home in the U.S. And as an important first, this law will dedicate between around $60 billion to environmental and climate justice efforts.