Bring in the Billions

This report by RMI discusses how US states can maximize the economic potential of federal clean energy incentives, primarily through tax credits. It emphasizes that while residential tax credit adoption is higher than predicted, most states are not currently on track to achieve their full investment potential and should implement administrative programs, demand-pull policies, and sector-specific guidance to secure these funds.

• US states are currently underutilizing federal clean energy incentives and are generally not on track to reach their full investment potential, although residential tax credits have been used by four times more households than originally predicted.
• States can secure federal and private investments by helping residents, businesses, and organizations utilize clean energy incentives, which functions as an investment engine to keep local dollars within the local economy.
• To capture available funding, RMI suggests states employ several strategies: launching administrative programs (such as 'One-Stop Shops' and State Energy Finance Institutions), passing demand-pull policies to create market certainty, and using government convening power to educate targeted sectors.
• The Greenhouse Gas Reduction Fund (GGRF) has allocated $20 billion to financial institutions across the US to support the adoption of clean technology.
• RMI's updated analysis of state potential uses data from the JCT released in May 2023, which resulted in government estimates that are 71 percent higher than the original Congressional Budget Office (CBO) estimates.

APA

RMI (2024). Bring in the Billions. https://rmi.org/resources/bring-in-the-billions/

Chicago

RMI. Bring in the Billions. 2024. https://rmi.org/resources/bring-in-the-billions/.

Wikipedia

{{cite report |author=RMI |title=Bring in the Billions |date=16 August 2024 |url=https://rmi.org/resources/bring-in-the-billions/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2024bring, author = {{RMI}}, title = {{Bring in the Billions}}, institution = {RMI}, year = {2024}, month = aug, url = {https://rmi.org/resources/bring-in-the-billions/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }