Overview

• The One Big Beautiful Bill Act took effect on July 7 with Senate amendments that slightly extend deadlines for claiming clean energy tax credits
• Energy Innovation projects that the accelerated phase-out of incentives will eliminate 760,000 jobs in the clean energy sector by 2030 and cut renewable generation capacity by more than 360 GW by 2035
• Rhodium Group estimates about $522 billion in announced clean energy projects dependent on now-phased-out tax credits are at risk of cancellation
• Analysts warn that reduced access to cheaper renewable power will drive up household energy bills by more than 13 percent by 2035
• The EPA is soliciting public feedback on repealing two Biden-era power plant pollution rules that capped greenhouse gas and toxic metal emissions