CLEVELAND, Ohio — As the clean energy transition gathers momentum, the closure of coal plants often symbolizes a victory for environmental progress. However, a crucial aspect that frequently goes unnoticed is the significant economic opportunity created by these closures, particularly through the Energy Community Tax Credit Bonus under the Inflation Reduction Act.

The city of Painesville recently awarded an $80 million grant through the EPA’s Climate Pollution Reduction Grants program. It is a prime example.