CRA Insights

Inflation Reduction Act Leading Indicator 2023

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The Inflation Reduction Act (IRA)’s support for decarbonizing industry, often through electrification, is creating opportunities that may shift customer energy consumption and create new demand for manufacturing products that support the energy transition. As customers seek to meet these demands, utilities can play a critical role in their development and contract opportunities in novel ways. With careful planning, additional benefits beyond the base credit amounts provided by the clean energy investment tax credit and production tax credit may be attainable.

In this Leading Indicator, we report on the hidden opportunities and risks of the IRA for electric utilities as they navigate what the different programs and incentives mean for them as they plan for the grid of the future.