Research | Policy Briefs
Impact Study of
Inflation Reduction Act (IRA) Investment
This report/study conducted by BW Research Partnership for the national, nonpartisan business group E2 and partners Chambers for Innovation and Clean Energy (CICE) and the Clean Energy Leadership Institute (CELI) highlights how federal policies like the Inflation Reduction Act (IRA), CHIPS Act, and Bipartisan Infrastructure Law (BIL) have fueled growth in the clean energy industry. Nearly 930 businesses reported that these policies have helped them expand, create jobs, and innovate in areas such as renewable energy, energy efficiency, and electric transportation.
Key findings include:
85% of businesses found the IRA crucial for growth.
64% of respondents created jobs due to the IRA.
Federal tax credits reduced risks and encouraged private investment in emerging clean energy technologies, leading to over 467,000 construction jobs and 154,000 permanent jobs.
Many of these investments benefitted rural communities, creating new manufacturing jobs and boosting local economies.
The report underscores the economic benefits of clean energy policies, warning that repealing them could jeopardize growth, job creation, and energy independence efforts. CICE commends bipartisan support for the IRA, which has helped increase domestic clean energy production and create well-paying jobs.
Read our full press release here.