One year old, US climate law is already turbocharging clean energy technology
Excessive heat continues to bear down on sections of the United States, a reminder of the impetus for the The Inflation Reduction Act, the significant climate legislation that turns one year old on August 16 FRANKFORT, Ky. -- On a recent day under the July sun, three men heaved solar panels onto the roof of a roomy, two-story house near the banks of the Kentucky River, a few miles upstream from the state capitol where lawmakers have promoted coal for more than a century. The U.S. climate law that passed one year ago offers a 30% discount off this installation via a tax credit, and that's helping push clean energy even into places where coal still provides cheap electricity. For Heather Baggett’s family in Frankfort, it was a good deal. “For us, it's not politically motivated,” said Baggett. “It really came down to financially, it made sense.” On August 16, after the hottest June ever recorded and a scorching July, America's long-sought response to climate change, the Infl...