Treasury Department guidance urgently needed to tap IRA’s clean energy ‘gold mine,’ analysts say

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Federal clean energy supports in the August 2022 Inflation Reduction Act, or IRA, could transform the U.S. economy, analysts widely agree.

By December, announcements for “over $40 billion” in new capital were committed to over 13 GW of new clean energy, and 20 manufacturing facilities representing over 6,850 new jobs, the American Clean Power Association, or ACP, reported in December.

But by March 1, nearly 4,000 comments submitted to the U.S. Treasury Department by clean energy advocates and analysts had requested clarification on how investors can be certain of qualifying for the IRA’s new and extended tax credits, grants, and programs.