Planning to Harness the Inflation Reduction Act

This toolkit provides electric utility regulators with tools, benchmarks, and guidance to ensure that utility integrated resource plans (IRPs) fully incorporate the funding and opportunities provided by the Inflation Reduction Act (IRA).

• The Inflation Reduction Act (IRA) significantly alters utility integrated resource plans (IRPs), yet early evidence suggests most utilities are failing to fully account for its benefits. This omission leads to inaccurate resource plans that ignore cost reductions for zero-emissions resources, the effects of customer adoption of electrified technologies, and incentives for large industrial loads, thereby increasing future risks and leaving federal funding unused.
• The toolkit is structured into four components to assist regulators: Part 1 provides benchmarks, 'North Star indicators', and 'First Steps' for adjusting IRPs; Part 2 outlines specific regulatory actions; Appendix A lists evaluation questions for utilities; and Appendix B explains key IRA provisions affecting resource planning.

APA

RMI (2024). Planning to Harness the Inflation Reduction Act. https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/

Chicago

RMI. Planning to Harness the Inflation Reduction Act. 2024. https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/.

Wikipedia

{{cite report |author=RMI |title=Planning to Harness the Inflation Reduction Act |date=23 February 2024 |url=https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{rmi2024planning, author = {{RMI}}, title = {{Planning to Harness the Inflation Reduction Act}}, institution = {RMI}, year = {2024}, month = feb, url = {https://rmi.org/resources/planning-to-harness-the-inflation-reduction-act/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }