The Inflation Reduction Act (IRA) is the most significant climate bill in American history. It contains $369 billion in climate and clean energy investments. The bill is expected to reduce net U.S. GHG emissions 42% by 2030 (Clean Air Task Force, 2022). Funds will be delivered through a mix of tax incentives, grants, and loan guarantees primarily over the next ten years.

Xcel Energy’s Partners in Energy has developed this Resource Guide to help local governments, residents, and businesses navigate what IRA resources are available to them and how these resources could stack with Xcel Energy incentives and other resources. This guide is focused on components of the IRA that can be used by local governments and their community members, and does not include indirect benefits, such as utility grid incentives.

This IRA Resource Guide will be updated regularly, be sure to return for new updates, including an income-qualified section, anticipated rebates, and workforce development funding! In the meantime, explore this guide and view a recording of our recent webinar on IRA updates.

At the time of this update, no legislative changes have been made to the Inflation Reduction Act (IRA). The primary action taken towards change has been an executive order signed by President Trump on January 20, 2025, titled “Unleashing American Energy.” This order included an immediate pause on the disbursement of funds appropriated through the IRA and the Infrastructure Investment and Jobs Act (IIJA).  

As a clarification from the White House, this pause applies only to funds with policy aimed at encouraging energy production on federal lands and eliminating EV support, suggesting a targeted approach with regards to the National Electric Vehicle Infrastructure Formula Program and Charging and Fueling Infrastructure Discretionary Grant Program.  

The Biden Administration had noted prior to Trump’s inauguration that most IRA grants for clean energy were already obligated, with only $11 billion outstanding, which could limit the order’s impact. This pause has created uncertainty, with legal challenges filed by a coalition of 22 states and the District of Columbia, which includes Attorney Generals from Minnesota, Colorado, and Wisconsin.