Financial incentives in the recently approved federal Inflation Reduction Act could help thousands of Wisconsin homeowners install solar panels or pursue energy efficiency projects.
The act signed by President Joe Biden on Aug. 16 provides nearly $370 billion for the clean energy transition to combat climate change. That’s set to increase incentives to improve energy efficiency and install renewable energy for Wisconsin homeowners.
The legislation passed along party lines with only Democrats supporting the package as Republicans objected to the sweeping climate investment. Wisconsin Democrats in Congress said the law would make the nation cleaner and more energy independent, putting the country on a path to cut emissions 40 percent by 2030. At the same time, the state’s Republican lawmakers called it a “tax-and-spending bonanza” that contained too many corporate incentives for green industry amid soaring inflation.