Estimated cost of Inflation Reduction Act (IRA) energy and climate-related spending and tax credits in the United States from 2022 through 2031, by segment
(in billion U.S. dollars)
Characteristic
Energy & electricity
Carbon capture & clean fuel
Energy efficiency
Electric vehicles
Advanced manufacturing
Direct spending
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In 2022, it was estimated that the Inflation Reduction Act (IRA) would spend some *** billion U.S. dollars on energy and climate-related provisions through Fiscal Year 2031. Roughly ** percent of these costs would be through tax credits, including *** billion U.S. dollars for energy and electricity. Based on updated estimates, the cost of IRA energy and climate-related spending is projected to be ** percent higher than originally scored. Tax credits for energy and electricity are now projected to cost *** billion U.S. dollars, an increase of ** percent from previous estimates.Â
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CRFB. (July 6, 2023). Estimated cost of Inflation Reduction Act (IRA) energy and climate-related spending and tax credits in the United States from 2022 through 2031, by segment (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 20, 2026, from /statistics/1418048/us-inflation-reduction-act-climate-and-energy-spending-by-segment/
CRFB. "Estimated cost of Inflation Reduction Act (IRA) energy and climate-related spending and tax credits in the United States from 2022 through 2031, by segment (in billion U.S. dollars)." Chart. July 6, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 20, 2026. /statistics/1418048/us-inflation-reduction-act-climate-and-energy-spending-by-segment/
CRFB. (2023). Estimated cost of Inflation Reduction Act (IRA) energy and climate-related spending and tax credits in the United States from 2022 through 2031, by segment (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 20, 2026. /statistics/1418048/us-inflation-reduction-act-climate-and-energy-spending-by-segment/
CRFB. "Estimated Cost of Inflation Reduction Act (Ira) Energy and Climate-related Spending and Tax Credits in The United States from 2022 through 2031, by Segment (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 6 Jul 2023, /statistics/1418048/us-inflation-reduction-act-climate-and-energy-spending-by-segment/
CRFB, Estimated cost of Inflation Reduction Act (IRA) energy and climate-related spending and tax credits in the United States from 2022 through 2031, by segment (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1418048/us-inflation-reduction-act-climate-and-energy-spending-by-segment/ (last visited July 20, 2026)
Estimated cost of Inflation Reduction Act (IRA) energy and climate-related spending and tax credits in the United States from 2022 through 2031, by segment (in billion U.S. dollars) [Graph], CRFB, July 6, 2023. [Online]. Available: /statistics/1418048/us-inflation-reduction-act-climate-and-energy-spending-by-segment/
