One year on from the signing of the US Inflation Reduction Act, how have tax credits for investment and production shifted the adoption curve for renewables over the rest of the decade? In this report, S&P Global Commodity Insights looks in detail at the incentives available and their impact on key technologies including solar, onshore and offshore wind and battery storage.
The US Inflation Reduction Act of 2022 (IRA) is the most substantial climate law ever enacted in the United States and contains an array of energy-related tax incentives aimed at combating climate change.
This report by S&P Global Commodity Insights will help international energy companies understand the incentives and potential for investment in the US, and help policymakers around the world assess the US law to see what components they might replicate to advance their own clean-tech investments and climate objectives.
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($/MWh)
Solar
Onshore Wind
Offshore wind
Battery
Source: S&P Global Commodity Insights