UPDATE: Biden Signs Inflation Reduction Act
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UPDATE AUGUST 16, 2022 7:00 PM EDT: President Joe Biden signed the inflation Reduction Act into law with support from Senate Majority Chuck Schumer, D-N.Y., and Senator Joe Manchin, D-W VA. The Inflation Reduction Act is the largest climate investment in US history. $369 billion is devoted to investing in domestic energy production and manufacturing and reducing carbon emissions by approximately 40% by 2030. The bill will undoubtedly spur the growth of the solar industry. |