Within six months of becoming law in August 2022, the Inflation Reduction Act and the CHIPS and Science Act created more than 100,000 permanent green jobs across the United States.

The IRA—which aims to reduce greenhouse gases to 40% below 2005 levels by 2030—promised $370 billion in tax credits to the renewable energy industry. By January 2023, nearly 100 new projects representing a $90 billion investment in clean energy in sectors like wind, solar, and electric vehicles were in the works. More recent estimates bring the total investment up to $150 billion. By 2030, the White House estimates the act will lead to the installation of 950 million solar panels, 120,000 wind turbines, and 2,300 battery facilities.