The following is the opinion and analysis of the writer:
Thank the stars! The largest clean energy package in U.S. history finally passed. The Inflation Reduction Act, or IRA, will boost local solar power here in Arizona significantly. Arizona is poised to reap the rewards; building and using more solar energy will benefit Arizona families, businesses, workers, utilities, the economy and the environment.
People are also reading… The biggest solar component of the IRA making headlines is the restoration and 10-year extension of the federal solar energy tax credit. It’s a big deal because it means homeowners who install solar can write off 30% of the total cost, starting this year. That knocks off around $6,000 from an average rooftop solar installation in Arizona.
Local nonprofits and municipalities in Arizona will also benefit in a big way. Historically, nonprofit entities have not been able to receive the same solar incentives as individuals and companies. But that’s about to change. In addition to households and nonprofits, rural Arizonans will also benefit from an expansion of the Rural Energy for America Program. Last year alone, $50 million from the program helped rural Arizona farms and businesses access clean and efficient energy upgrades.
The bill isn’t perfect, as few are, due to provisions that will allow more fossil fuel development. These provisions could further harm communities that have historically faced the brunt of fossil fuel extraction and pollution. We encourage officials at all levels of government to ensure our trajectory is toward a just and equitable clean energy future, instead.
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Majority of voters say Inflation Reduction Act will increase inflation: PollA majority of voters say President Joe Biden’s Inflation Reduction Act will actually increase inflation over the next year, with even more saying they view America's economy as being weak.
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Biden slammed for hosting Inflation Reduction Act celebration with ‘American's 401Ks going down the drain’President Biden was criticized for celebrating the Inflation Reduction Act despite the latest CPI report showing higher than expected inflation, causing stocks to tumble.
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Karine Jean-Pierre blasted for defense of Inflation Reduction Act: ‘What is she smoking?’White House press secretary Karine Jean-Pierre was slammed after she attempted to defend the Inflation Reduction Act amidst rising inflation reports on Tuesday.
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Vulnerable Democrats won't say when IRA will reduce inflation, after latest inflation uptickVulnerable House and Senate Democrats are staying quiet after the recent CPI report found that inflation rose to 8.3% in August, despite support for Inflation Reduction Act.
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Judge Pirro blasts Biden's 'tone-deaf party' as Inflation Reduction Act ushers in even higher inflationPresident Joe Biden and the Democratic leaders of both Congressional chambers came together on the White House lawn to celebrate the Inflation Reduction Act.
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White House celebrates passage of Inflation Reduction ActThe Inflation Reduction Act includes caps on insulin and Medicare drug costs and offers tax credits for people buying heat pumps, solar panels and electric vehicles.
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