Senator Smith played a key role in securing major climate and energy provisions in the Inflation Reduction Act, including tax credits for clean energy technologies, direct pay to make tax credits work for nonprofits, and funding for REAP and for rural electric cooperatives to transition to clean energy. REAP stands for Renewable Energy for America Program and provides financial assistance to agricultural producers and rural business owners to install renewable energy systems and adopt energy efficiency measures. The Inflation Reduction Act also includes funding for transmission buildout and siting, new credits for sustainable aviation fuel, a 10-year extension on biofuel credits, support for climate-smart agriculture and disadvantaged communities, funding to electrify ports, and residential clean energy credits.
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