Displaying items by tag: cleanenergyorg
Editorial: As historic climate legislation turns two, the numbers don't lie
The IRA’s clean-energy progress is clearest in our communities
Stephen Smith is executive director of Southern Alliance for Clean Energy. He was a founder of the Foundation for Global Sustainability (FGS) and serves on the FGS board of directors. Hellbender Press is published by FGS.
KNOXVILLE — The largest climate investment legislation in U.S. history, the Inflation Reduction Act, celebrated its two-year anniversary in August: two years of reducing harmful pollution, of creating thousands of good-paying clean energy jobs, of welcoming billions of dollars in clean energy investments to the Southeast. The ways the IRA has and will continue to benefit our region and beyond are innumerable — and the numbers don’t lie.
The IRA’s progress is clearest here in our communities: between Florida, Georgia, North Carolina, South Carolina and Tennessee, 559,820 households received more than $1.3 billion in residential clean energy and energy-efficiency tax credits in tax year 2023. Real people are saving money and benefiting from the historic climate law every day — take it from seven SACE members, their IRA stories and the encouraging statistics mentioned here.
The reach of the IRA stretches beyond our homes — over 70,000 electric vehicle (EV) charging stations now dot the U.S., and federal tax credits on both new and used EVs have saved consumers over $1 billion so far this year alone. Last month, SACE released its updated 2024 Electrify the South Electric Transportation Toolkit to help guide decision-makers through this time of enormous opportunity.