Consumer and business spending on clean tech has surged under President Joe Biden, according to two reports. The Inflation Reduction Act, which was signed two years ago, authorized nearly $370 billion to aid industries that produce renewable energy, electric vehicle infrastructure, carbon capture facilities and low-emissions appliances. Since the law was enacted in 2022, businesses and consumers have invested $493 billion in factories and products related to cleaner technologies and infrastructure. This is a 71 percent increase from the two-year period leading up to enactment.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
