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Local News

One Year Later, Inflation Reduction Act Brings Clean Energy Investments and Job Growth

Credit: iStock

Staff Writer

One year after the passage of the Inflation Reduction Act, a once-in-a-generation investment in the climate and clean energy, it is clear that the landmark law has already had positive impacts on the national and state economies. As of July 2023, the IRA has already created over 170,000 new clean energy jobs, and is expected to create an additional 1.5 million jobs throughout the next decade.

Here in North Carolina, the state has invested nearly $10 billion in clean energy projects, and over 4,000 new, good-paying jobs have been created since the IRA’s passage, as of July 2023. The state is only expected to grow in its clean energy capabilities, and with it, will continue to create numerous jobs. 

Read here for more information about the IRA’s impact on North Carolina.