Inflation Reduction Act 2024 Energy. The inflation reduction act has already spurred a clean energy boom, contributing to more than $360 billion in private sector clean energy announcements since. Collectively, the rebate programs, created by president biden’s inflation reduction act, provide $8.8 billion for states, territories, and tribes to lower energy costs and increase efficiency in american homes by making it.

Two years after passing congress, the inflation reduction act has jumpstarted america’s economy, creating good jobs and spurring a manufacturing boom. 2023 program year resulted in $3.5 billion in clean energy investments from more than 49,000 solar.