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Federal tax credits for renewable projects could benefit Wyoming the most

If Wyoming follows through with some of its climate friendly energy goals, it stands to make a lot of federal money, according to a new report from the Rocky Mountain Institute (RMI).The report looks at how states will financially benefit from the Inflation Reduction Act (IRA), which is a large piece of climate legislation that Congress passed last summer. It provides tax incentives for carbon capture projects and other renewable energy projects, like wind.

Red States Benefit Most From Biden s Inflation Reduction Act

To many it may come as a surprise that red states are reaping the benefits of Democrats’ climate law much more than the Democrats themselves

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