Inflation Reduction Act and UCR
The Inflation Reduction Act (IRA) was signed into law in August 2022. The law focuses on trying to boost America's investment in Clean Energy through private and public incentives.
The IRA provides specific funding to the Energy Sector as delivered through tax incentives, grants, and loans.
The two main financial benefits the IRA has created that UCR is looking into when planning Energy projects are
1) The Department of Energy's new loan program that focuses on upgrading, repurposing, or replacing energy infrastructure.
2) The Tax incentives for corporations, individuals, and state and local governments that focus on clean energy, transport, and manufacturing.