Inflation Reduction Act

Investing in a clean energy future


While the Infrastructure Investment and Jobs Act (IIJA) is focused on fixing and upgrading our nation’s infrastructure networks, the $20 trillion1 U.S. economy also relies private sector contributions to our infrastructure resources. Acknowledging that this sector represents over 40 percent2 of the world’s greenhouse gas emissions, meeting the federal government’s economy, social equity, climate resilience and sustainability goals also requires supporting and enabling investment in commercial assets. 

The Inflation Reduction Act (IRA), a.k.a. the Climate Act, was signed into law on August 16, 2022. Its purpose is to address inflation, while further supporting a reduction in carbon emissions by roughly 40 percent by 2030 through grants and tax credits in domestic energy production and manufacturing.

IRA overview

IRA aims to reduce inflation via loans, grants, tax credits and rebates.

$435+ billion

Investments across energy security and climate change, Affordable Care Act extension, and western drought resiliency.

$238 billion 

Expected deficit reduction over a decade.

~$222 billion

Total funding allocated for various loans, grants, technical assistance programs across sectors.

Funding criteria

Projects that target climate resiliency, sustainability, healthcare, reduction of emissions and use of natural resources.


Includes states, tribes, local governments, governmental agencies, NPOs, institutes of research / higher education.

IRA loans and grants by categories


Source:  KPMG analysis of the H.R.5376 - Inflation Reduction Act of 2022, 117th Congress (2021-2022)
Source: Committee for a Responsible Federal Budget website, September 7, 2022


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A new era in infrastructure

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Chips Act

See how the Creating Helpful Incentives to Produce Semiconductor and Other Scientific Research and Development (CHIPS) Act supports grants and tax credits related to semi-conductor research, development, manufacturing, and workforce development to return the U.S. to dominance in chip-production.  

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Infrastructure Funding Success

Learn about our phased approach and how it has already powered successful projects, from grant application to infrastructure delivery.  

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Infrastructure updates: helping you capture funding opportunities

Fully leveraging IIJA, IRA, and CHIPS funding opportunities involves keeping up with fast-moving developments. See how our powerful tools can help you keep pace.  

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Reach out to our Infrastructure taskforce with specific questions

We have extensive infrastructure funding  knowledge to share. Please visit our Infrastructure funding success for more information on how we can help.


Christian Roberts

Christian Roberts

Principal, Infrastructure Capital Projects and Climate Advisory, KPMG US

+1 571-528-0728
David Spector

David Spector

Director, Infrastructure Capital Projects and Climate Advisory, KPMG US

+1 720-936-8960
Suzie Heap

Suzie Heap

Director, Infrastructure Capital Projects and Climate Advisory, KPMG US

+1 972-762-5503


  1. World Bank national accounts data, and OECD National Accounts data files, 2022
  2. Global ABC Global Status Report 2021, EIA