Inflation Reduction Act 2024 Solar Panels. Solar industry is expected to continue its momentum in 2024 after accounting for over 50% of new electricity capacity additions to the grid last year,. Sustainable energies like solar are key to reducing the consumer burden of inflation, hence why it was included in the inflation reduction act of 2022.

One program from the inflation reduction act that many states, nonprofits, and business leaders have been eagerly awaiting the full rollout of is the greenhouse. The inflation reduction act has already spurred a clean energy boom, contributing to more than $360 billion in private sector clean energy announcements.