A recent report commissioned by the American Clean Power Association and produced by ICF highlights the significant economic benefits and growth opportunities associated with the Inflation Reduction Act (IRA). The report projects that from 2025 to 2035, the IRA could generate over $2.7 trillion in net benefits while incurring $656 billion in costs. These benefits extend across various sectors, including renewable resources, oil, gas, hydrogen, nuclear energy, and battery storage systems, impacting the power sector, transportation, manufacturing, and more. The IRA is expected to offer $740 billion in tax credits, encouraging an estimated $2 trillion in private capital expenditures, particularly in the power, building, and transportation sectors. Implementation of the IRA could result in spending totaling around $3.8 trillion, contributing to job creation, increased disposable income, and a boost to the U.S. GDP. Additionally, the report forecasts a reduction of 4.1 billion tons of CO2 emissions. The report emphasizes the growth potential in clean energy industries, particularly in manufacturing batteries and solar technologies, leading to significant job gains. The support for the IRA extends to various organizations like the U.S. Chamber of Commerce, the National Hydropower Association, and the Nuclear Energy Institute. Overall, the IRA's impact is expected to be positive, with significant economic benefits, job creation, and environmental improvements contributing to a cleaner and more sustainable future for the United States.