President Biden Signs Inflation Reduction Act Into Law

“It’s official. We, at long last, have a new national policy in place that is designed to drive the transition to clean energy and address the climate crisis. While there is clearly more work to do, particularly around transmission, today we celebrate unprecedented progress toward ACORE’s mission of accelerating the transition to a renewable energy economy. We aren’t there yet, but we are getting closer.

“With this legislation, America can finally move beyond years of on-again, off-again renewable tax credits to a long-term clean energy tax platform that will provide renewable companies with the stability they need to do business. This legislation will spur vital new investment that will help deploy thousands of megawatts of new renewable power, create hundreds of thousands of good-paying jobs, lower the cost of electricity for American families, and substantially reduce greenhouse gas emissions.

“We look forward to working with the Biden administration as they implement this law and build on it with additional measures to deliver the clean energy future Americans want and scientists say we desperately need.”