Conclusion

A few things to note about IIJA funding

Domestic content requirements will be in force for all grants made under the IIJA, and while some agencies are accepting applications for funds, in most cases applications won’t be accepted until late 2022. It’s also worth a reminder that there may yet be funding and/or tax incentives for climate-related investments (e.g., extensions of the investment and production tax credits for solar and wind respectively) that could pass Congress under future bills. The IIJA represents a generational investment in critical infrastructure, and power systems are a major component. As utilities navigate the law’s many sections, ABB stands ready to provide expertise and insight into how utilities can optimize their IIJA investments.

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