The Impact of the Inflation Reduction Act on Infrastructure Growth

We are noticing a little more of a delay between that allocation and spend. It has a lot to do with material prices that are still very high. So state and local communities, I think, are not putting the brakes on it, but they're certainly slow walking projects just to see if they can see some improvements in materials or labor allocation. The Inflation Reduction Act also play a role here too, do you think? We are definitely seeing in our utility sector, so utility scale, wind and solar projects part of the In inflation Reduction Act was the extension of the production tax credit and the investment tax credit for wind and solar. That has spun up a lot of projects, not just in