Profit From The 'Inflation Reduction Act' With These 2 Dividend Stalwarts

Summary

  • The Inflation Reduction Act will give a huge boost to the renewable energy and zero-carbon technology industries through hundreds of billions of dollars in tax credits.
  • Actually, these industries are already rapidly expanding in response to the spending bill.
  • There are some obvious companies that should benefit, but we highlight two interesting dividend payers that should directly and/or indirectly benefit.
  • Looking for a portfolio of ideas like this one? Members of High Yield Investor get exclusive access to our subscriber-only portfolios. Learn More »

President Biden Delivers Remarks On Plans To Lower Inflation

Drew Angerer/Getty Images News

Co-produced by Austin Rogers for High Yield Investor.

Currently, the United States generates about 4% of its electricity from solar panels. By 2035, the U.S. government would like that share to reach 40%.

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BEP September Presentation

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Data by YCharts

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Disclosure: I/we have a beneficial long position in the shares of BEP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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