Policies

Inflation Reduction Act 2022: Sec. 22001 Additional Funding for Electric Loans for Renewable Energy

Source: International Energy Agency

Last updated: 2 December 2022

Country United States
Year

2022
Status

In force
Jurisdiction

National
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The U.S. Inflation Reduction Act of 2022 allocates USD 1 billion to provide loans and loan forgiveness for electricity storage projects under section 317 of the Rural Electrification Act of 1936.

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Policy types

Loans / debt finance

Sectors

Electricity and heat generation

Technologies

Electricity generation and CHP technologies