Has the Inflation Reduction Act truly boosted new investment in energy and infrastructure?

Genuine question — If you talk to someone in power & renewables or sustainable finance or project finance, they’d probably have a variety of viewpoints on this bill, but it’s been about 2 years since the law was enacted and I personally don’t see any real impact despite people hyping up how it has boosted returns. Like yes, the IRR for a lot of these projects for developers hypothetically should be better than what it was with the traditional tax equity structure, but with the amount of confusion regarding which tax credits a developer qualifies for and the discounting of those tax credits when they are transferred, they don’t seem to actually be creating a tangible difference. However, that is not to say that I haven’t seen more activity in the sector, but it looks to be largely just a reallocation of investment from other infrastructure and energy projects that would have happened without the policy to the P&R sector. And in my personal opinion, this is pretty much a really inefficient way to use taxpayer dollars for clean energy. Idk if anyone has any thoughts on this or has had a different experience.