Two years after President Biden signed the Inflation Reduction Act (IRA), it's clear that the law is working and state and local leaders are seeing the benefits in their communities. In addition to containing a variety of provisions to lower costs for American families, especially on healthcare and energy, the legislation is powering the Biden-Harris Administration’s successful efforts to invest in a clean energy economy that means more good-paying jobs, less unhealthy pollution in our air, and fewer extreme weather events caused by climate change. 

The law exemplifies the cooperation needed between the federal, state, and local governments to meet specific needs of communities and regions, and it's impact is being felt all over the country, in blue and red states and in urban and rural areas. That impact has been key part of the Biden-Harris agenda to invest in America, which has brought $900 billion in private sector investments in manufacturing and more than 800,00 new manufacturing jobs, reversing a national decline.

The IRA contains twenty tax incentives for clean energy manufacturing, such as new clean hydrogen production, nuclear energy production, low carbon levels, renewable electricity, and home rebates for energy efficiency home improvements. 

It is abundantly clear that tackling climate change is both good for the environment and grows our economy.