Congress Is Set to Vote on the Largest Efficiency Investments in History

Originally published by ACEEE, authors Lowell Ungar and Alexander Ratner.

The proposed Inflation Reduction Act (IRA) includes the largest combined investments in energy efficiency in U.S. history. If enacted in the coming weeks, it will provide tens of billions of dollars to improve our buildings, vehicles, and industry.

Energy efficiency is an essential part of the $369 billion IRA climate package, which will be a big step toward meeting President Biden’s climate and equity goals. While far more investment will be needed to address the climate crisis, the IRA investments—to be made over the next 5–10 years—will put us on a much better path. And the investments will save money for American consumers and businesses, grow the energy efficiency and clean energy industries, improve public health, and strengthen energy security.

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