The newly passed legislation makes a momentous down payment on deficit reduction to fight inflation. It will also decrease consumer energy costs, increase American energy security, and reduce carbon emissions by roughly 40 percent by 2030. With President Joe Biden signing the Inflation Reduction Act into law, this is the largest investment in clean energy and climate change solutions in US history (369 billion dollars to be exact)! 

 

Now, what does this mean for the average American? A whole lot! Peruse highlights you need to know in regard to climate change and clean energy that are covered in the bill. Explore the documents below to uncover the new incentives to take advantage of!

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Overview:

• Lowers consumer energy costs:

  • energy bills: cuts energy bills by $500 to $1,000 per year

• Creates manufacturing jobs: more than a $60 billion investment will create millions of new domestic clean manufacturing jobs

• Invests in disadvantaged communities: cleaning up pollution and taking steps to reduce environmental injustice with $60 billion for environmental justice

• Protects families and small businesses making $400,000 or less