Government act includes a 10-year extension of the investment tax credit (ITC) for solar, wind, geothermal, and other zero-emission energy sources. (Credit: artjazz/Adobe Stock)
The 2022 Inflation Reduction Act (IRA) is poised to spur massive growth in renewable energy projects across the United States.
The IRA includes more than $300 billion in funding and tax incentives aimed at catalyzing investments in clean energy infrastructure and accelerating the transition to net-zero emissions. While this substantial growth brings many environmental and economic benefits, it also introduces new risk considerations that must be addressed from an insurance perspective.
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