Le Lézard
Classified in: Oil industry, Environment, Science and technology
Subjects: SVY, TRD

New Study Finds the Inflation Reduction Act Makes a Game-Changing Business Case for Growing Domestic U.S. Wind and Solar Industry

Study Finds U.S.-Made Wind and Solar Components Will Be Cheaper Than Imports for the First Time Ever, Contributing to 4 Million New Wind and Solar Jobs

WASHINGTON, June 9, 2023 /PRNewswire/ -- Researchers at Dartmouth and Princeton released a report on the estimated impacts the Inflation Reduction Act will have on the U.S. wind and solar industry, including changes in wind and solar manufacturing, labor standards for clean energy workers, job creation, and demand for materials. Specifically, the report explores the impacts of the law's clean electricity production and investment tax credits and the 45x Advanced Manufacturing Production Tax Credit. The research was funded by the BlueGreen Alliance.

The report finds that wind and solar developers will reap significant cost savings by using U.S.-manufactured components and paying workers fair wages, due to the investments in the Inflation Reduction Act.

"Using U.S.-manufactured parts and materials for clean energy development and paying workers a fair wage has always been the right thing to do. Now it's also the most economical thing to do," said BlueGreen Alliance Executive Director Jason Walsh. "This report shows that the Inflation Reduction Act successfully creates an air-tight business case for supporting U.S. workers and manufacturers."

The topline findings of the report include:

"The study reveals how the Inflation Reduction Act transforms the economics of wind and solar power to help delink our climate goals from overseas supply chains that are marred by labor abuses, higher levels of pollution, and shipping bottlenecks," said BlueGreen Alliance Vice President of Manufacturing and Industrial Policy Ben Beachy. "Instead, these new investments offer an opportunity to build our clean energy future on a foundation of good jobs, clean manufacturing, and a more reliable and equitable industrial base."

Media Contact:
Justin Jackson
(951) 214-9108

SOURCE BlueGreen Alliance

These press releases may also interest you

at 19:15
The Cardiovascular Information System (CVIS) Market size is projected to grow by USD 582.77 million, accelerating at a CAGR of 8.8% during the forecast period. Companies are implementing various strategies like forming partnerships, mergers,...

at 19:00
The "Hybrid Train Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering. The global hybrid train market witnessed substantial growth in 2022, with a market...

at 18:49
Monogram invites you to connect with the team about their latest items in 2023 and an exclusive preview of their 2024 items. Please visit Booth #265 on Level 3 at Jacob K. Javits Convention Center, 655 W. 34th St, New York, NY. NYTF will begin on...

at 18:45
The "Global Decentralized Packaged/Containerized Water and Wastewater Treatment (W&WWT) Systems Market" report has been added to ResearchAndMarkets.com's offering. Global decentralized packaged/containerized W&WWT market revenue to reach $11.47...

at 18:35
The Data Analytics Outsourcing Market is projected to increase by USD 23.11 billion, accelerating at a CAGR of 32.59% during the forecast period. The growth of the data analytics outsourcing market is driven by a focus on reducing operational costs....

at 18:23
Independent Women's Forum and Independent Women's Law Center (IWLC) are supporting the appeal of Kappa Kappa Gamma sorority women who were denied the all-female sisterhood they were promised. On Monday, the plaintiff sorority members in...

News published on and distributed by: