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.
Understand the impact, demand, opportunities and risks brought about by the IRA:
What incentives does the IRA offer for clean energy projects?
How do the IRA tax credits lower the cost of clean energy?
What is the impact of the IRA incentives on clean energy technologies including wind, solar, energy storage, hydrogen and nuclear?
What does the IRA mean for the US power sector?
How much will the IRA cost?
What are the major impediments to a cleaner US power grid?
What more will be needed to achieve net zero?
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Renewable and battery LCOEs compared to fossil fuel variable costs