With the passage of the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), funds are available to state, local, and tribal governments; electric utilities; businesses; schools; nonprofit organizations; households; and other entities for a variety of advanced energy infrastructure projects.
Advanced Energy United and Michigan EIBC have prepared reports that serve as toolkits for governors and utility regulators to navigate the many opportunities from the IIJA and IRA.
These laws provide grants, rebates, loans, and tax credits to support top energy priorities in Michigan, such as lowering energy bills, ensuring a reliable and resilient electric grid, and supporting the growth of advanced energy jobs. This analysis estimates that the economic impact of both laws combined will include $2.8 trillion in incremental economic activity, 23 million additional jobs, and $60 billion in annual consumer savings. These guides outlines key advanced energy programs in both bills, case studies specific to Michigan, as well as information about how to access the funds.