Renewable energy groups welcome Senate passage of the Inflation Reduction Act of 2022

Gregory Wetstone, President and CEO of the American Council on Renewable Energy (ACORE), said: "The finish line is now clearly within reach. The Senate's passage of the Inflation Reduction Act of 2022 is a historic step toward the clean energy future the American people want, and scientists say we desperately need. The legislation’s landmark investment of $369 billion in climate and clean energy programs will help deploy thousands of megawatts of renewable power, create hundreds of thousands of good-paying American jobs, reduce the cost of electric power, and finally put the country on track toward achievement of our climate goals. But we’re not done yet – ACORE remains committed to working with allies to ensure swift approval in the House of Representatives. Our planet will be better off when President Biden signs this transformative legislation into law."

Heather Zichal, CEO of the American Clean Power Association, said: “This is the vote heard around the world. It puts America on a path to creating 550,000 new clean energy jobs while reducing economy-wide emissions 40% by 2030.  This is a generational opportunity for clean energy after years of uncertainty and delay. This unprecedented investment in clean energy will supercharge America’s clean energy economy and keep the United States within striking distance of our climate goals. The IRA will lower consumer costs, enhance grid reliability, and strengthen the nation’s energy security. It will expand our domestic manufacturing base, inject nearly half a trillion dollars into U.S. GDP over the next decade and create more than half a million new jobs – more than doubling today’s clean energy workforce. We must seize this moment. We urge the House to quickly pass this historic legislation and send it to President Biden’s desk for his signature.” 

Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), on the Senate’s passage of this historic legislation: “Today is a monumental day for America’s clean energy progress and global climate leadership. With the passage of the Inflation Reduction Act in the Senate, solar and storage companies are one step closer to having the business certainty they need to make the long-term investments that decarbonize the electric grid and create millions of new career opportunities in cities and towns across the country. “This legislation is the most transformational investment America has ever made in our climate future, and we are thankful to our members, the clean energy community and every one of our solar champions in Congress for their work to get us to this historic moment. The solar industry has set a goal to account for 30% of all U.S. electricity generation by 2030, and this legislation will be a catalyst for reaching that target. Now the work can begin to build out America’s clean energy economy with historic deployment, domestic manufacturing, investments in low-income communities, energy storage, smoother interconnection, and so much more. The United States is poised to lead the world’s clean energy transformation while lowering costs for families. We look forward to seeing President Biden sign this bill and kick off this new era of American leadership.”

Liz Burdock, President and CEO of the Business Network for Offshore Wind: “The Senate’s passage of the Inflation Reduction Act is a watershed moment in America’s renewable energy transition. This historic legislative package sends a message to the world that the U.S. is serious about bolstering supply chain resiliency, increasing American energy security, and reaching our ambitious goal to deploy 30 gigawatts of offshore wind power by 2030. The bill’s $40 billion investment in domestic clean energy manufacturing and shipbuilding is an important down payment that will unleash the vast potential of offshore wind and localize a supply chain on American shores creating thousands of good-paying jobs. Today’s vote represents a momentous leap forward, but the work is not done—the House must act swiftly to send this legislation to President Biden’s desk.”