The Inflation Reduction Act (IRA) is the most significant climate legislation in U.S. history. The electricity sector policies could spur a clean energy revolution, achieving a low-cost 73 to 76 percent clean grid by 2030, cutting customer bills by hundreds of dollars annually, and creating more than a million jobs in 2030. But state policies are necessary to realize the IRA’s potential. This report explains the law’s clean energy provisions and their projected impact, and recommends state policymaker and utility actions to unleash the IRA’s climate, jobs, and savings benefits.