The Inflation Reduction Act ($369 b to support conservation, energy efficiency and clean energy) is immense in its size and scope. It extends and introduces a wide variety of tax credits which will alter the market dynamics of batteries, geothermal facilities, wind turbines, solar panels, electric vehicles, biofuels, clean hydrogen, nuclear power, and more. These new incentives have the potential to drastically change the energy landscape in the United States for years to come. The scale of the impact depends on the extent to which these subsidized technologies will still be successful in the absence of these credits.
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