ICYMI: State Treasurer Godlewski, Leader Neubauer, Rep. Hong, & WI Leaders to Highlight How the Inflation Reduction Act Creates Jobs, Saves Families Money

The Inflation Reduction Act is not only a historic climate law, it’s a “job creator, an energy cost saver, a domestic manufacturing booster, and a corporate-profiteering buster.”

MADISON, Wis. – Today, State Treasurer Sarah Godlewski, Wisconsin Minority Leader Rep. Greta Neubauer, State Rep. Francesca Hong, and  RENEW Wisconsin  Director of Emerging Technology Francisco Sayu highlighted how the historic clean energy and climate investments in the Inflation Reduction Act will benefit Wisconsinites.  

Wisconsin is already a leader in clean energy jobs, with over 71,000 clean energy jobs at the end of 2021. The Inflation Reduction Act will turbocharge this already robust industry by bringing an estimated $4 billion investment in large-scale clean power generation and storage to Wisconsin between now and 2030. This expansion of clean energy will create good-paying jobs in Wisconsin and lower energy costs for families while improving resilience against climate-fueled extreme weather. A new report by Green Homeowners United found that 510,916 homes in Wisconsin, including 27,608 in the greater Madison area, are eligible for the heat pump rebates provided in the Inflation Reduction Act. Instant rebates of up to $8,000 to replace air conditioners with a heat pump will generate significant savings for small businesses owners and consumers. These investments will be bolstered by incentives for strong labor conditions, ensuring good-paying jobs for the Wisconsin workers and building the economy of the future. 

Highlights from the event are below:

State Treasurer Sarah Godlewski  said, “I’m excited about the Inflation Reduction Act because it will be a game-changer here in Wisconsin. It’s going to lower utility costs for families and small businesses. It will also provide over four billion dollars to help create Wisconsin’s clean energy economy. Senator Ron Johnson- who led Big Oil Republicans in Washington in opposition to the historic Act- has stood in the way of lower costs for working families, creating good-paying jobs, and enhancing our energy future long enough.”  

Minority Leader Rep. Greta Neubauer said, “The Inflation Reduction Act is the most consequential climate law the United States has ever seen. It’s also a job creator, an energy cost saver, a domestic manufacturing booster, and a corporate-profiteering buster. The historic new law will take on the corporate greed directly responsible for rising energy and gas prices for Wisconsinites and protect families from ongoing price gouging by CEOs eager to line their own pockets at the expense of our neighbors.”

State Rep. Francesca Hong said, “Environmental issues have long been front and center for the communities of the 76th district in Madison that I proudly represent. The Inflation Reduction Act ensures we build a clean energy economy from the bottom up and the middle out. It works at a foundational level to create economic opportunity for the low-income communities, AAPI, and Black and Brown communities disproportionately impacted by climate change.”

Francisco Sayu, Director of Emerging Technology at RENEW Wisconsin, said, “We look forward to helping families, businesses, and communities take advantage of the historic opportunities offered by the Inflation Reduction Act. The new law is a big deal for working people across Wisconsin, who will see lower energy costs due to the move to renewable energy sources and stronger communities with more good-paying local jobs.”