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Flush With the Promise of Tax Credits, Clean Energy Projects Are Booming in Texas

Inside Climate News · Keaton Peters · last updated

In the year since the Inflation Reduction Act became law, private investment in wind power, battery storage and other renewable energy ventures has significantly expanded. Analysts suggest that the act’s 10-year tax incentives are seeding confidence in the sector’s stability.

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Related Knowledge Center: Climate legislation

State of Play

The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.

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