The historic $369 billion Inflation Reduction Act (IRA), hailed “the largest investment in clean energy in American history,” is delivering on its promises and changing the renewable investment landscape. The IRA, which celebrated its one-year anniversary on Aug. 16, already has spurred more than $270 billion in capital investment for utility-scale clean energy projects and manufacturing facilities (the equivalent of eight years’ worth of investments), according to the American Clean Power Association. This is just the beginning.

With an eye toward lowering U.S. carbon emissions, the IRA will deliver dozens of tax incentives and billions of dollars of grants, loan guarantees and other investments for clean energy and climate action. It includes incentives encompassing everything from “plain vanilla” solar and wind assets to electric vehicles, batteries, transmission lines, carbon-capture and storage, and clean hydrogen. Essentially, there’s something for everyone