A new report from Energy Innovation warns that repealing clean energy tax credits under the Inflation Reduction Act (IRA) would significantly raise electricity costs for American households and businesses. Despite the Trump administration’s claims that fossil fuels will lower bills, the analysis shows the opposite: gutting clean energy incentives would drive up utility bills, reduce investments, and eliminate jobs.
Under a repeal scenario, U.S. households would collectively pay over $6 billion more annually by 2030 and $9 billion more by 2035. On average, this translates to an extra $48 per household per year in 2030 and $68 in 2035, with costs continuing to rise.
While some lawmakers support maintaining these credits, others—and Donald Trump himself—have vowed to eliminate them, threatening affordable clean energy and economic growth.
The conclusion is clear: Ending clean energy support would directly affect Americans in the form of higher electric bills and a weakened climate future. Read More
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