Inflation Reduction Act

Media Highlight — Aug 19, 2022

Foreign Affairs: "America Rejoins the Climate Fight"

In his op-ed, RFF President and CEO Richard Newell writes about how the new Inflation Reduction Act will reposition the United States as a global leader in the fight against climate change.

Common Resources — Aug 11, 2022

Inflation Reduction Act: Electric Vehicle Subsidies for Passenger Vehicles

The Inflation Reduction Act works to expand the tax credit for electric passenger vehicle purchases. However, some of its key clauses are likely to make it harder to take advantage of the credit for at least a few years.

Report — Oct 7, 2022

Beyond Clean Energy: The Financial Incidence and Health Effects of the IRA

This RFF report examines the emissions, health, and financial impacts of the 2022 Inflation Reduction Act (IRA), finding that the law will unlock a new reality for the electricity grid and households in America.

Report — Nov 1, 2022

What Is An “Energy Community”? Alternative Approaches for Geographically Targeted Energy Policy

We offer an alternative to the definition of an "energy community" outlined in the Inflation Reduction Act, one which would more narrowly target fossil fuel–dependent communities.

Issue Brief — Aug 3, 2022

Retail Electricity Rates under the Inflation Reduction Act of 2022

In this issue brief, RFF researchers model the impact of the proposed Inflation Reduction Act of 2022 on consumer electricity prices, finding that it reduces the average American's electricity bill by $170-$220 a year.

Report — Nov 9, 2022

Incentives for Clean Hydrogen Production in the Inflation Reduction Act

This report analyzes the impacts of two tax credits on the costs of hydrogen production using a set of hydrogen production models from the National Renewable Energy Laboratory.

Journal Article — Aug 27, 2024

Leveraging the Inflation Reduction Act to Achieve 80x30 in the US Electricity Sector

This paper examines the consequences of the Inflation Reduction Act and of policies designed to hit the Paris target for generation mix, consumer costs of electricity, the federal budget, air quality, and human health.

Issue Brief — May 1, 2024

On Deck for Treasury: The Inflation Reduction Act’s New Approach to Clean Electricity Tax Credits

This issue brief explains the Inflation Reduction Act's 45Y and 48E tax credits for clean electricity generation and describes potential challenges to implementation.

RFF Live — Jan 24, 2024

Big Decisions 2024

RFF's annual event exploring big decisions in climate, energy, and the environment in the year ahead.

RFF Live — Jul 31, 2023

The 45V Hydrogen Tax Credit: Considerations for US Treasury Guidance

The 45V Hydrogen Tax Credit: Considerations for US Treasury Guidance

RFF Live — Feb 15, 2023

Exploring the New Baseline for Electricity in the Presence of the Inflation Reduction Act

An RFF Live event exploring how the electricity sector is expected to transform in the coming decades as a result of the Inflation Reduction Act and the Infrastructure Investment and Jobs Act.

RFF Live — Dec 9, 2022

From Text to Tech: How the US Government is Expanding the Energy and Climate Toolbox

From Text to Tech: How the US Government is Expanding the Energy and Climate Toolbox

On the Issues — Jun 7, 2024

On the Issues: Value of a Bear, Carbon Markets, and More

A biweekly newsletter connecting global current events, pressing climate and energy policy news, and economics research from RFF scholars. This week: the value of a bear, carbon markets, and more.

Resources Magazine — May 16, 2024

Understanding the Inflation Reduction Act

The Inflation Reduction Act passed into law in August 2022. Already, the law has begun driving low-carbon investments—though additional policies could help the United States decarbonize by midcentury.

Resources Magazine — May 16, 2024

Tax Credit Choice for Solar and Wind Power in the Inflation Reduction Act

The Inflation Reduction Act has invigorated incentives for clean energy, including the investment tax credit and production tax credit. Wind and solar projects can choose between the two: What influences this choice, and what are the implications?

In Focus — Mar 22, 2024

In Focus: Supporting Energy Communities

This video shares insights about the bonus tax credit for energy communities in the Inflation Reduction Act, with RFF Fellow Daniel Raimi.

Media Highlight — Jan 20, 2023

Forbes: "Congress Pushes US Energy Transition through Tax Credits—But Will It Work?"

A story about tax credits outlined in the Inflation Reduction Act cites a popular RFF study about the effect of the law on retail electricity prices.

Media Highlight — Nov 29, 2022

National Geographic: "Six Environmental Wins That Gave Us Hope in 2022"

In a year-in-review story, RFF President and CEO Richard Newell is quoted in a segment about the significance of the Inflation Reduction Act.

Media Highlight — Nov 15, 2022

Public News Service: "How Texas Could Benefit from the Inflation Reduction Act"

A story about RFF Fellow Daniel Raimi and Research Analyst Sophie Pesek's work on energy communities is shared across several Texas radio stations.

Press Release — Oct 31, 2022

Defining the Inflation Reduction Act’s “Energy Communities”—and Finding Room for Improvement

This study offers several interpretations of the Inflation Reduction Act's provision to encourage clean energy projects in "energy communities"—and details a new approach to better target places that may need new economic development the most.