The Inflation Reduction Act (IRA) in the United States has an estimated expenditure of approximately 161 billion U.S. dollars in clean electricity tax credits between 2022 and 2031. This was the largest amount granted by the IRA for clean energy and climate and will mainly be used to fund renewable power production.
Estimated clean electricity tax credits funding in the Inflation Reduction Act in the United States from 2022 to 2031, by category
(in million U.S. dollars)
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Visual Capitalist (Decarbonization Channel). (February 21, 2023). Estimated clean electricity tax credits funding in the Inflation Reduction Act in the United States from 2022 to 2031, by category (in million U.S. dollars) [Graph]. In Statista. Retrieved March 11, 2025, from https://www.statista.com/statistics/1403571/clean-electricity-tax-credit-spending-of-inflation-reduction-act-united-states/
Visual Capitalist (Decarbonization Channel). "Estimated clean electricity tax credits funding in the Inflation Reduction Act in the United States from 2022 to 2031, by category (in million U.S. dollars)." Chart. February 21, 2023. Statista. Accessed March 11, 2025. https://www.statista.com/statistics/1403571/clean-electricity-tax-credit-spending-of-inflation-reduction-act-united-states/
Visual Capitalist (Decarbonization Channel). (2023). Estimated clean electricity tax credits funding in the Inflation Reduction Act in the United States from 2022 to 2031, by category (in million U.S. dollars). Statista. Statista Inc.. Accessed: March 11, 2025. https://www.statista.com/statistics/1403571/clean-electricity-tax-credit-spending-of-inflation-reduction-act-united-states/
Visual Capitalist (Decarbonization Channel). "Estimated Clean Electricity Tax Credits Funding in The Inflation Reduction Act in The United States from 2022 to 2031, by Category (in Million U.S. Dollars)." Statista, Statista Inc., 21 Feb 2023, https://www.statista.com/statistics/1403571/clean-electricity-tax-credit-spending-of-inflation-reduction-act-united-states/
Visual Capitalist (Decarbonization Channel), Estimated clean electricity tax credits funding in the Inflation Reduction Act in the United States from 2022 to 2031, by category (in million U.S. dollars) Statista, https://www.statista.com/statistics/1403571/clean-electricity-tax-credit-spending-of-inflation-reduction-act-united-states/ (last visited March 11, 2025)
Estimated clean electricity tax credits funding in the Inflation Reduction Act in the United States from 2022 to 2031, by category (in million U.S. dollars) [Graph], Visual Capitalist (Decarbonization Channel), February 21, 2023. [Online]. Available: https://www.statista.com/statistics/1403571/clean-electricity-tax-credit-spending-of-inflation-reduction-act-united-states/
