This commentary is written by Peter Sterling, the executive director of Renewable Energy Vermont.
Incredibly and finally, the Inflation Reduction Act (IRA) has begun the shift to a clean energy America. For the first time ever, the massive resources of the U.S. government will be mobilized to move our country off of climate change-causing fossil fuels and onto renewable energy sources like wind, solar and hydro power.
We are finally looking at a future where renewable energy and other pro-climate technologies will benefit from a level of government support comparable to what the fossil fuel and nuclear industries have received for decades. For the first time, there will be an energy storage tax credit, a comprehensive electric vehicle tax credit, a long-term commitment to a solar tax credit for homeowners, and extra incentives for renewable energy businesses that pay prevailing…
