Utah is facing a power crunch as demand grows and older energy generation facilities are retired. This has prompted the state to launch “Operation Gigawatt” with the goal of doubling power production in the next decade. The Inflation Reduction Act (IRA) passed by Congress in 2022 is helping Utah reach this goal by providing tax credits, grants, and loans for clean energy and transportation projects.
Since the passage of the IRA, Utah has secured $12 billion in clean energy and transportation investments, creating over 4,200 new jobs. Over 50 clean energy facilities are under construction in the state, helping to boost the economy and create sustainable energy solutions. However, these policies are at risk as Congress considers their future.
Repealing the IRA could have serious economic consequences for Utah, costing the state $1.34 billion in GDP by 2030 and nearly 7,300 jobs. Households would also see an increase in energy costs. Additionally, repealing these policies could have negative impacts on public health, leading to more air pollution and premature deaths.
Utah’s investments in clean energy are benefiting every congressional district, especially rural areas like Beaver County, which is home to cutting-edge energy projects. Defending the IRA and supporting clean energy policies will help Utah maintain its leadership in energy development and innovation, attract long-term investments, and signal to businesses that the state is open for sustainable growth. Utah’s congressional delegation has the opportunity to stand up for these policies and support the continued economic and environmental progress of the state.
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