Full Title: How Federal Clean Energy Tax Credits Benefit New York
Author(s): Energy Innovation
Publisher(s): Energy Innovation
Publication Date: May 18, 2023
Full Text: Download Resource
Description (excerpt):
Federal clean energy tax credits in the Inflation Reduction Act (IRA) are transforming the United States economy, already generating nearly $250 billion in project announcements that could create more than 140,000 new jobs. Prior modeling by Energy Innovation showed IRA tax credits could increase U.S. GDP up to $200 billion and create up to 1.3 million jobs nationally by 2030.
Energy Innovation used the Energy Policy Simulator to study potential state-level benefits from the IRA on economic growth, jobs, and public health in the 48 contiguous states. This analysis focuses on clean electricity and clean vehicle tax credits, given their outsized impact on jobs and the economy.
This resource describes how Federal Clean Energy Tax Credits will benefit New York.