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U.S. Senators Catherine Cortez Masto and Jacky Rosen, both Democrats, announced more than $800,000 in grant funding to help four tribes in Nevada protect the environment and combat climate change.
Nicholas Hartnett, owner of Pure Power Solar, carries a panel as he and Brian Hoeppner, right, install a solar array on the roof of a home in Frankfort, Ky., Monday, July 17, 2023. (AP Photo/Michael Conroy)
It's the anniversary of the Inflation Reduction Act. Voters in Nevada — a key swing state — say inflation is still very much their top issue.
After narrowly passing through a Democratically controlled Congress along party lines, President Joe Biden signed the Inflation Reduction Act into law on Aug. 16, 2022. The law allocates $500 billion in new spending. While it may marginally reduce inflation over the long term, its largest impact will likely be on the U.S. energy grid, as most of the money in it is slated for clean energy initiatives.
On average, Nevada residents living in a single-family home saw a 22% increase — about $70— in their July energy bill compared to last year. In Southern Nevada, where summer temperatures regularly hit triple-digits, the average energy bill for July reached about $407, up from $337 last year.
You might have noticed electric vehicle charging stations popping up all around town. Shopping centers, offices and hotels now boast infrastructure that can power EVs and help reduce transportation emissions.