The Inflation Reduction Act included $369 billion toward “energy security and climate change” and the Infrastructure Investment and Jobs Act included $77.5 billion for power and electric vehicle infrastructure. The related funding will support different aspects of energy technology development and adoption — from how electricity is generated to how customers use it. Here are a few key technologies each act supports.
Generation
- Allows nonprofit utilities to get directly payable credit for installing utility-scale solar/wind production (IRA)
- Supports RD&D on various energy technologies, from advanced nuclear to hydrogen and carbon capture and storage (IIJA)
- Provides incentives for updating hydropower facilities (IIJA)
Transmission and Distribution
- $11 billion for states and utilities to increase grid resilience – such as for weatherization equipment, monitoring and control technologies, advanced conductors, advanced modeling technology, and microgrids (IIJA)
- $505 million for energy storage demonstration projects (IIJA)
Electric Demand and Use
- $3 billion for Smart Grid Investment Program, allowing utilities to deploy AMI to build in more flexibility (IIJA)
- Extends tax credits for individuals buying new and used EVs (IRA)
- Funds states to create a National Charging Network and authorizes community charging grants for off-highway chargers(IIJA)
- Offers incentives for individuals and businesses to get energy efficient appliances and efficiency upgrades (IRA)
- Extends and increases credits for installing home power systems, including solar (IRA)
Learn more on our federal funding opportunities page.
