Inflation Reduction Act Benefits: Millions Of Efficient Electrified Buildings

The Inflation Reduction Act (IRA) is the most significant climate legislation in United States history. Energy Innovation Policy and Technology LLC^® modeling finds the IRA’s $370 billion in climate and clean energy investments could cut U.S. greenhouse gas (GHG) emissions up to 43% below 2005 levels by 2030.

Combined with state action and forthcoming federal regulations, the IRA puts the United States within reach of its Paris Agreement commitment to cut emissions 50% to 52% by 2030. The IRA will strengthen the U.S. economy by creating up to 1.3 million new jobs and avoid nearly 4,500 premature deaths annually by reducing air pollution, both in 2030.

In this series, Energy Innovation^® analysts showcase the IRA’s benefits in the power, buildings, and transportation sectors of the U.S. economy. This article details IRA investments in cleaner, more efficient homes and buildings.

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