Page 11 - Inflation-Reduction-Act-Guidebook
P. 11

     




               policy actions to achieve his commitment to reduce U.S. greenhouse gas emissions by 50-52
               percent below 2005 levels by 2030. With the passage of the Inflation Reduction Act—in
               combination with the Bipartisan Infrastructure Law and other actions—the Department of
               Energy (DOE) estimates that the United States will achieve a 40 percent reduction in economy-
               wide greenhouse gas emissions below 2005 levels by 2030, positioning the United States to
               realize the President’s goal with additional executive branch, state, local, and private sector
               action. DOE estimates that the clean energy provisions of the Inflation Reduction Act and the
               Bipartisan Infrastructure Law together could reduce emissions by more than 1,000 million metric
               tons of CO2e in 2030, equivalent to the combined annual emissions released from every home in
               the United States.


               Overview and Purpose of the Guidebook

               This guidebook provides an overview of the clean energy, climate mitigation and resilience,
               agriculture, and conservation-related tax incentives and investment programs in President
               Biden’s Inflation Reduction Act, including who is eligible to apply for funding and for what
               activities. The Biden-Harris Administration is working quickly to design, develop, and
               implement these programs; as such, the information in this guidebook is current as of
               publication. In the coming weeks and months, we will publish new developments on
               www.CleanEnergy.gov to keep stakeholders and potential beneficiaries of these programs up to
               date on the latest deadlines and details. This guidebook does not cover the Inflation Reduction
               Act’s health care provisions or certain corporate tax reforms.

               The guidebook groups the Inflation Reduction Act’s tax incentives and investment programs into
               thematic chapters and explains how the law will deliver on the President’s commitments to the
               American people. Each chapter outlines the significance of these programs and includes a one-
               page summary of each program’s eligible uses, potential beneficiaries, and other important
               information. Given the cross-cutting nature of energy and climate issues, many of these Inflation
               Reduction Act programs and tax provisions could fall under more than one chapter. For ease of
               presentation, each program or provision is featured only once in the guidebook.


               This document was updated on January 9, 2023 and reflects small corrections to the
               original version posted in December 2022.



               Disclaimer


               This guidebook is designed to help users familiarize themselves with the Inflation Reduction Act.
               Nothing contained in this document constitutes formal guidance from the U.S. government on
               any law, program, policy, application process, or funding eligibility. Applicants for funding
               should consult official agency or program specific guidance for additional information.













               6                    B U IL D IN G   A   C L E A N   E N E R G Y   E C O N O MY
                                   G U ID E B O O K   |   J AN UARY   20 2 3   |   VE RS I O N   2
   6   7   8   9   10   11   12   13   14   15   16