As we look ahead into the new year, we are inspired by the findings of American Clean Power Association (ACP)’s recent report on the IRA’s economic impact. The Inflation Reduction Act has driven unprecedented investment in clean energy, delivering significant economic growth while advancing sustainability and energy reliability goals nationwide. The report showcases the transformative impact of these initiatives, projecting trillions in investments, millions of new jobs, and billions in growth in household incomes. It’s clear that clean energy isn’t just an environmental solution—it supports significant economic growth that we’re proud to be a part of. #CleanEnergy #EnergyStorage #IRA #esVolta #Sustainability #BESS
The American energy industry will deliver significant economic growth and job creation to the nation over the next decade, according to a new report commissioned by ACP and conducted by ICF. The report, “Economy-wide Impacts of the Inflation Reduction Act Energy Provisions,” shows that the energy tax credits in the law will generate: - $1.9 trillion in U.S. economic growth - 13.7 million new jobs created - $3.8 trillion in net spending - 4x return on investment - $846 billion added to U.S. household income The law will create a lasting impact by incentivizing clean energy investment, which will supercharge the U.S. economy and have a transformative impact on economic growth and job creation across America. ACP is joined in support of the report’s findings by the U.S. Chamber of Commerce, the Edison Electric Institute, the National Hydropower Association, the Nuclear Energy Institute, and the National Electrical Manufacturers Association (NEMA). Read the full analysis: https://bit.ly/41HdtTU Read the support letter: https://bit.ly/4gAPRVP