IRA energy tax credits boost Boise’s economy – and our energy security • Idaho Capital Sun

As a business owner in Boise, I value pragmatic solutions that grow our economy, create jobs and strengthen America’s energy independence. The Inflation Reduction Act energy tax credits are proving to be a wise investment in America’s future – especially for Idaho-based companies like mine.

The benefits go beyond partisan politics, as evidenced by recent news that more than a dozen House Republicans urged Speaker Mike Johnson not to repeal the Inflation Reduction Act’s clean energy tax credits, saying they already had innovations, driving job creation and investment in energy infrastructure across the country. According to a CNN report in June, the vast majority of the $346 billion in investments announced – nearly 78% – went to Republican congressional districts. We’ve seen some of this space in the Gem State, such as large solar projects announced by Idaho Power.

Idaho has long championed an “all-of-the-above” approach to energy development, using everything from hydropower to nuclear and geothermal energy. The Inflation Reduction Act tax credits incentivize investment in these resources, reducing our dependence on foreign energy and keeping energy spending closer to home.

Boise businesses directly benefit from these policies. Solar companies are hiring, contractors are busy installing energy-efficient systems, and local manufacturers are producing components for clean energy technologies. These aren’t hypothetical benefits – these are real jobs and real money flowing into our community.

By prioritizing domestic energy production, these tax credits also help protect local families and businesses from volatile energy prices. We’ve all felt the shortage at the pump or seen how high electricity bills put a strain on our budgets. Increasing local energy production provides much-needed stability and ensures we are not dependent on unpredictable global markets.

In Boise, new clean energy projects require electricians, engineers, construction workers and logistics experts. These are well-paying jobs at all skill and education levels that help families succeed and contribute to our economy.

Given the changes in Washington, I hope that leaders continue to pay attention to the millions of dollars that have been spent, assuming that the Inflation Reduction Act’s tax incentives will remain in place. Repealing it would defund American companies and send a chilling message to future investors.

Most Boiseans agree that tax credits make sense if they reward innovation, encourage private sector investment and strengthen our economy. It’s worth noting that the Inflation Reduction Act tax credits help reduce large utility projects that ultimately keep energy prices low. Clean energy will continue to shape our economy in Idaho and around the world – it is bigger than any single party. With so many things dividing us, the focus on jobs, reduced costs and ensuring a secure energy future for our country should be a reminder that we can still find common ground in shaping our state’s legacy.

The Inflation Reduction Act is not perfect, but its energy tax credits undeniably benefit Boise and other communities across America. Let’s focus on refining strategies that work while continuing to fight for energy independence, economic growth and the values ​​that make our state strong.