Impacts of the Inflation Reduction Act on Consumer Energy Expenditures

Research output: NRELPresentation


The Inflation Reduction Act introduced or expanded a suite of federal tax credits for clean electricity generation and customer adoption of electric (and other highly efficient) end-use equipment. These incentives are expected to drive changes in both the electricity generation mix and demand for electricity (especially for space heating and light-duty vehicles), which are highly interconnected. In this session, Caitlin Murphy, Group Manager and Senior Analyst in NREL's Strategic Energy Analysis Center, will present findings from her team's recent state-level analysis on the combined effects of various IRA incentives on customer expenditures for electricity, natural gas, and gasoline. She will present and explain the regional variations observed in their analysis, based on interactions between end-use equipment cost and performance and projections for future energy prices.
Original languageAmerican English
Number of pages33
StatePublished - 2024

Publication series

NamePresented at the IRA, BIL, and the Future of Energy: A Summit to Support State Implementation, 17-18 April 2024, Washington, D.C.

NREL Publication Number

  • NREL/PR-6A20-87977


  • air source heat pump
  • electric vehicle
  • electrification
  • Inflation Reduction Act
  • ReEDS


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