President Joe Biden Signs Inflation Reduction Act. What Will Change for Microgrids?

August 17, 2022

Categories: News

Microgrid Knowledge: On Tuesday, August 16, U.S. President Joe Biden signed the Inflation Reduction Act into law. The $430 billion bill is expected to bring many changes to the microgrid industry, including:

Easier achievement of environmental, social, and corporate governance (ESG) goals
Increased symbiosis between electrification and decentralization
Market certainty
Easier monetization of tax credits
Greater microgrid diversity
Worldwide market expansion
Increased utilization of investment tax credits for solar and standalone storage
Mainstreaming of microgrids

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