Statement from Suzanne Russo, CEO, Pecan Street Inc.

Austin, TX (August 26, 2022) –The Inflation Reduction Act of 2022 sparks the country’s largest investment to address climate emissions and rapidly accelerate the transition to clean energy.

Following is a statement from Suzanne Russo, CEO, Pecan Street Inc.

“The Inflation Reduction Act sets the United States on a path to a clean energy economy and will create much-needed trade jobs to support middle-class families and fortify America’s manufacturing industry. “

“The IRA will not just reduce America’s climate emissions. It will spark local demand for electricians, HVAC installers, factory workers, engineers, and more – building true sustainability for our economy.”

“Low-income families will be most impacted by the effects of climate change, and the IRA puts them front and center in the transition to a cleaner economy.”

“Everyone at every income level will need to be part of the clean energy transition, and the IRA makes critical improvements to incentives and rebates that make solar energy, energy efficiency improvements, and electric vehicles more affordable for American families.”

“Pecan Street has published several reports and analyses that highlight the roadblocks to the clean energy economy and policy changes that would overcome them. We were pleased to see some of our recent suggestions reflected in the IRA’s energy provisions.”

In Sparking EV America, we recommended making the EV tax credit available at the dealership to reduce the amount customers have to finance.

In Residential Electric Panel Capacity, we assessed the impact residential electrification, including the installation of Level 2 EV chargers, would have on the panel capacity of residential housing stock.

You can find all Pecan Street reports and case studies on our Publications Page.

Colin Rowan, Pecan Street Inc., media@pecanstreet.og, 512-222-9603