Washington D.C. – Yesterday, House Republicans on the Ways and Means Committee released their initial budget bill, which would weaken energy tax credits that have fueled investment booms across America — creating jobs, lowering electricity bills, and supporting American energy leadership. The House Ways and Means proposal threatens America’s energy dominance and energy reliability, and would cut off access to a critical tool families have been using to relieve their household budgets by lowering energy bills. If tax credits are gutted as proposed in the House Ways and Means markup, more than 700,000 projected jobs could be lost, energy bills would rise for families and businesses, and America’s energy reliability would suffer. 

 

Business leaders, investors, and organizations are warning that this budget proposal would hurt families, workers, and businesses across the country. Here is what they have to say: 

 

“House Republicans’ proposed reconciliation bill would raise taxes on every American through higher energy prices. Energy tax credits have put America on a winning path — unlocking over $600 billion in private investment and helping create more than 270,000 jobs, largely in Republican districts. Weakening these credits now would inject uncertainty into the economy, drive up energy costs for families, and hand over our competitive edge in manufacturing and AI to China. Congress must protect these policies, not sabotage the businesses who are driving growth, cutting costs, and helping the U.S. lead in the global energy race.” — Andrew Reagan, President, Clean Energy for America

 

“Cutting the 25D tax credit is a direct hit to American families, threatening their ability to invest in affordable, reliable solar energy for their homes. The majority of the solar industry relies on this credit to power their businesses, supporting hundreds of thousands of jobs across all 50 states and growing U.S. manufacturing. At a time of record energy demand, we should be accelerating American energy dominance — not pulling back.” — Raghu Belur, Co-Founder of Enphase Energy

 

“One thing that Republicans and Democrats agree on: America needs to rebuild our ability to manufacture products — and we need to create a secure supply chain of key materials. Cutting critical tax credits, such as 45X and 48C, would hobble domestic investments in advanced energy projects, like the cutting-edge glass factory that SOLARCYCLE is building in Northwest Georgia. Recycling solar panels and other products creates quality jobs here at home while ensuring we have a domestic supply of critical minerals and other materials. Instead of cutting these programs, we should continue to invest in advanced manufacturing projects that create opportunities for the future.” — Suvi Sharma, CEO and Cofounder, SOLARCYCLE 

 

“Clean energy tax credits serve several critical purposes. First, regulatory certainty is the foundation of any stable business environment. When tax policy shifts every few years, it becomes nearly impossible for businesses to plan, invest, or grow. Second, these incentives empower homeowners to invest in energy resilience and independence. Every American deserves choice when it comes to how they power their homes—and these credits help make that choice accessible. Third, removing these credits would increase energy costs for everyone. Utility-scale projects also rely on them, and without that support, the cost of electricity would rise across the board. At a time when families are already facing high costs, making energy more expensive is the wrong direction for our country.” — Autumn Johnson, Executive Director, Arizona Solar Energy Industries Association (AriSEIA)

 

“If we lose the American Clean Energy Tax Credits, it will be a loss for the American people. As Congress considers repealing these solar credits, it’s critical to recognize that such a decision will negatively impact cities and towns across America. It will make it more difficult for community leaders to choose to build solar energy systems. The energy transition isn’t one big political movement. It’s made up of thousands of small decisions that business owners, nonprofit and school boards, and homeowners only make if the numbers make sense for them. If we want to see a clean energy future for our children, we must continue making it easy for ordinary Americans to make clean energy choices.” — Aaron Nichols, Research and Policy Specialist, Exact Solar, Pennsylvania

 

“The House Ways & Means Committee’s draft proposal threatens to undo years of progress in building a strong U.S. clean energy economy. Repealing or weakening key tax credits — and limiting transferability and direct pay — would undermine private investment, stall projects, and put over 100,000 jobs at risk nationwide. This includes electricians, engineers, and technicians in both rural and urban areas, and jeopardizes growing clean energy manufacturing in states like Ohio, Georgia, and Texas. Billions in capital could vanish, and the U.S. risks falling behind China and the EU in the global clean energy race. Lawmakers must reject this short-sighted proposal and protect the tax incentives that power American jobs and innovation.” — Scott Ringlein, Founder, Energy Alliance Group, Michigan

 

“We’re investing real capital to advance America’s energy revolution using clean hydrogen. If Congress raises taxes on clean hydrogen, projects would be stalled — jobs and manufacturing would be sent overseas. Policy certainty is non-negotiable if the U.S. wants low-cost energy and to win the competition with China.” — Jacob Susman, CEO, Ambient Fuels

“One step forward, too many steps back. It’s encouraging to see a proposed extension of the clean fuels production credit, but the reckless removal of critical support for hydrogen and renewable energy production needlessly undermines American competitiveness in the global race for energy innovation. The House Republicans’ proposed reconciliation bill benefits billionaires at the expense of America’s future.” — Jason Salfi, CEO, Dimensional Energy

“Repealing critical federal solar energy investments like solar tax credits will raise energy costs for families, local businesses, schools, and churches. That’s why solar supporters from across the political spectrum will continue to urge lawmakers to support these smart policies. We are confident that, as constituents share the practical economic benefits of going solar, their Senators will fix the House’s extreme and shortsighted budget bill.” — Anya Schoolman, Executive Director, Solar United Neighbors

 

“Clean economy tax credits have catalyzed hundreds of billions in private-sector investment to build the infrastructure and industries America needs to compete and win in the 21st century. At a fragile moment for the U.S. economy and our global standing, Congress should double down on efforts to deliver affordable, abundant, homegrown energy, grow advanced manufacturing in key sectors like energy and transportation, and create jobs. Instead, the Ways & Means text released today would raise costs, undermine long-term business plans, and threaten America’s ability to compete globally — particularly in Republican-held districts that have attracted much of this investment. Unless fixed by the House and Senate, this proposal will make it harder for families to save money on energy and gas by buying American-made advanced technologies, while reducing jobs in critical strategic industries across the economy. Ceres and the businesses we work with urge lawmakers to instead deliver a budget reconciliation bill that supports U.S. energy leadership and industrial strength. This is no time to raise taxes and create uncertainty for the businesses bolstering America’s innovation and competitiveness, ceding our leadership in the world’s most important industries to China and other countries.” — Zach Friedman, Senior Director, Federal Policy, Ceres

 

“Dismantling clean energy and manufacturing tax credits only worsens our national energy crisis and will directly harm Americans by increasing energy bills, stifling investment, slowing energy development, and killing good-paying jobs across the United States. Offshore wind is making America more secure by delivering reliable and affordable power and revitalizing industries critical to national defense like steel production and shipbuilding. Instead of advancing the administration’s priorities, the proposed reconciliation package stalls project development underwritten by a 40-state supply chain while explicitly targeting critical manufacturing tax credits, threatening billions of dollars of investments in the Midwest, Mid-Atlantic, and American South. As demand for energy surges, offshore wind is a “shovel-ready” industry that can bring up to 10 GW of energy onto the grid before the next decade. If adopted, these provisions threaten to delay projects and deny ratepayers affordable and reliable electricity, compounding the economic pain Americans are already feeling from the rising cost of essentials.” —  Liz Burdock, President and CEO, Oceantic Network

 

“As a country, we have to prioritize our national security. Today, energy security is national security. The energy tax credits have given businesses the certainty they need to reshore and create hundreds of thousands of jobs, and invest billions of dollars in American manufacturing. Now is not the time to undermine this progress by compounding the volatility businesses are already feeling and putting America’s competitive edge in domestic energy production — particularly in relation to China, at risk.” — Kevin Doffing, CEO, Project Vanguard 

 

“House Republicans’ initial tax plan would raise Americans’ energy costs and break a promise that Donald Trump made to do the opposite. Multiple studies have shown that repeal or phaseout of IRA energy tax credits would spike Americans’ electricity bills by hundreds of dollars per year. And would threaten hundreds of thousands of jobs and over $500 billion in planned economic investment in energy and manufacturing projects. This plan is a disaster for Americans’ energy costs, jobs, and economic competitiveness.” —  Sam Ricketts, Co-founder, S2 Strategies

 

“American Energy Dominance is dependent on price and speed. Nothing deploys faster than solar. Nothing provides a more stable price for consumers than solar. Solar is price competitive to dirty energy and is more so with credits and subsidies. The solar industry is booming, providing high-paying jobs. Clean energy tax credits ensure this continues and unleashes pools of capital (like mine) dedicated to the field.” — Howard Fischer, Private Investor

 

“This Republican repeal bill is a direct assault on American manufacturing and American-made energy. Any member of Congress who votes for it will have to answer to their constituents about why they sent local jobs to China and forced energy bills through the roof. At a time when we need more energy to meet rising demand, Republicans have a choice to make: will we seize leadership in the industries that will dominate this century, or simply give up on American innovation and forfeit the future of our economy to China?” — Lori Lodes, Executive Director, Climate Power

 

This draft pulls the rug out from under businesses and consumers alike. It would increase energy costs, jeopardize jobs, block innovation and cede U.S. manufacturing leadership to other countries while inviting more pollution into our communities.” — Joanna Slaney, Vice President for Political and Government Affairs at Environmental Defense Fund

 

“This plan will mean higher electricity prices for consumers and stall energy projects that would alleviate increasing energy demand. It will lead to an uncompetitive manufacturing industry with lower job opportunities, and more pollution. Americans will pay the price, and the fossil fuel industry will reap the revenue.” — Trevor Higgins, Senior Vice President of Energy and Environment at the Center for American Progress

 

“We are seeing clean energy investments being made across many of our 400+ member institutions in higher education—from Muncie, Indiana to Gainesville, Florida to Grand Island Nebraska to Reno, Nevada. These colleges and universities are economic anchors in their communities, creating healthier environments for all the residents, while supporting workforce and educational opportunities for the next generation of our country’s leaders.” — Tim Carter, President, Second Nature