RELATED UPDATE: Senate and House Pass BBB With Favorable Renewable Energy Credit Provisions, Bill Awaits Trump’s Signature (July 3, 2025) On May 22, 2025, the House passed an amended version...| McGuireWoods
At a Glance The federal government provides tax credits for investments in energy sources that generate electricity without emitting carbon dioxide in the process. Two tax credits, the investment tax credit (ITC) and the production tax credit (PTC), directly support investment in wind and solar electric power. In the Congressional Budget Office’s baseline projections, those tax credits reduce federal revenues and increase federal spending.| Congressional Budget Office
Executive Summary The House Ways and Means Committee’s draft of its reconciliation legislation proposes a significant paring back of about 60 percent of the Inflation Reduction Act energy tax credits, which would raise about $515 billion in revenue from 2025–2034. The proposal would repeal some energy credits immediately, including all clean vehicle credits, the alternative […]| AAF
The potential for double counting or stacking credits and the absence of firm caps on many of the IRA’s green energy tax credits has led to a massive increase in the law’s true cost to taxpayers.| EPIC for America
I’ve identified, for the first time, the root fallacy behind all the claims that “solar and wind are cheaper than fossil fuels.”| alexepstein.substack.com
Last week, Republicans were planning to keep the vast majority of the trillion-dollar IRA subsidies, including grid-destroying solar/wind subsidies. Fortunately, a few energy freedom fighters saved us| alexepstein.substack.com
