With $370 billion expected initially, estimates for the I.R.A.'s impact have increased significantly, with projections of up to $1.2 trillion by 2031 from sources like the Brookings Institution and Goldman Sachs.
Since 2022, the I.R.A. has driven $332 billion in private investments in clean energy, mostly via $48 billion in federal tax credits, leading to transformative industry changes despite political challenges.
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