The 2022 Inflation Reduction Act (IRA) passed by the United States Congress seeks to increase domestic energy production, increase funding of clean energy technologies, and decrease emissions. The various policies and tax credits included in the IRA can have an impact on energy prices in the United States. For example, home energy costs could potentially fall by 30 to 134 dollars per household depending on the emissions reduction scenario.
Potential impact of the Inflation Reduction Act on energy prices in the United States in 2030 compared to 2021 prices, by emissions scenario (in U.S. dollars)
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Rhodium Group. (July 28, 2022). Potential impact of the Inflation Reduction Act on energy prices in the United States in 2030 compared to 2021 prices, by emissions scenario (in U.S. dollars) [Graph]. In Statista. Retrieved May 04, 2024, from https://www.statista.com/statistics/1327253/us-inflation-reduction-act-energy-price-impact/
Rhodium Group. "Potential impact of the Inflation Reduction Act on energy prices in the United States in 2030 compared to 2021 prices, by emissions scenario (in U.S. dollars)." Chart. July 28, 2022. Statista. Accessed May 04, 2024. https://www.statista.com/statistics/1327253/us-inflation-reduction-act-energy-price-impact/
Rhodium Group. (2022). Potential impact of the Inflation Reduction Act on energy prices in the United States in 2030 compared to 2021 prices, by emissions scenario (in U.S. dollars). Statista. Statista Inc.. Accessed: May 04, 2024. https://www.statista.com/statistics/1327253/us-inflation-reduction-act-energy-price-impact/
Rhodium Group. "Potential Impact of The Inflation Reduction Act on Energy Prices in The United States in 2030 Compared to 2021 Prices, by Emissions Scenario (in U.S. Dollars)." Statista, Statista Inc., 28 Jul 2022, https://www.statista.com/statistics/1327253/us-inflation-reduction-act-energy-price-impact/
Rhodium Group, Potential impact of the Inflation Reduction Act on energy prices in the United States in 2030 compared to 2021 prices, by emissions scenario (in U.S. dollars) Statista, https://www.statista.com/statistics/1327253/us-inflation-reduction-act-energy-price-impact/ (last visited May 04, 2024)
Potential impact of the Inflation Reduction Act on energy prices in the United States in 2030 compared to 2021 prices, by emissions scenario (in U.S. dollars) [Graph], Rhodium Group, July 28, 2022. [Online]. Available: https://www.statista.com/statistics/1327253/us-inflation-reduction-act-energy-price-impact/