Overview

• The House Republican budget bill proposes a six-year phase-out of clean energy tax credits established under the 2022 Inflation Reduction Act, including incentives for solar, wind, and nuclear energy.
• Provisions in the bill would disqualify projects using components or minerals processed in China, raising feasibility concerns due to global supply chain reliance.
• Analysts warn the proposed changes could mirror a full repeal, risking a 70% decline in clean energy deployment by 2035 and jeopardizing $522 billion in planned U.S. manufacturing investments.
• Experts project the phase-out would raise household energy bills by up to 7% by 2035 and slow emissions reductions, increasing U.S. carbon output significantly.
• Senate Republicans, led by moderates like Lisa Murkowski, and clean energy trade groups are lobbying to revise the bill, citing potential job losses, harm to state economies, and weakened U.S. competitiveness in global clean-tech markets.