In May, House Republicans passed a sweeping budget bill that threatens to derail America’s clean energy boom. The budget puts hundreds of thousands of jobs, lower electricity costs, and billions in investments at risk—even though it disproportionately hurts red districts. The bill’s impact goes beyond the economy: it poses serious national security and energy resilience risks by undercutting America’s ability to meet surging power demands driven by AI, crypto, and data centers, increasing our dependence on foreign energy, and ceding leadership in the global energy race to China.

The bill now heads to the Senate, where lawmakers have already voiced strong opposition to its assault on clean energy tax credits.

 

What Does the Disastrous House Bill Do?

• Accelerates phase-outs of specific tax credits to just 60 days after the bill’s enactment to qualify, effectively halting new projects immediately
• Terminates residential solar tax credits entirely

• Tightens restrictions on foreign eligibility to receive tax credits, dramatically reducing the number of businesses that can invest in local communities, create jobs, and lower bills

 

Nearly 400,000 American Jobs at Risk

Clean energy tax credits support 400,000 jobs nationwide — good-paying careers that sustain families and communities. Most of these jobs are in Republican districts, where over $108.5 billion in clean energy investments have been fueling local economic growth.

In Texas, North Carolina, South Carolina, Georgia and Michigan tens of thousands of workers depend on an industry that Republicans now want to essentially eliminate overnight.

 

Electricity Costs with Rise

Without these tax credits, every American household and business will pay the price:

• 6.7 percent  higher electricity costs for families
• 9.7 percent  higher electricity costs for businesses
• Cumulatively, that’s a $51 billion increase to energy costs

At a time when costs are already high, the budget bill will make things worse for families and businesses — cutting off a significant way families have been slashing electricity costs and forcing them to pay higher.

 

This Bill Will Upend Biggest Industrial Revival in History

The clean energy sector represents America’s economic future, with more than $80 billion in supply chain projects under construction and over $100 billion in the planning pipeline. Hundreds of clean energy projects nationwide now hang in the balance.

 

This Bill Hands a Direct Victory to China

While this budget sabotages America’s energy future, China is racing ahead. The numbers tell the story: 56 percent of China’s electricity now comes from renewables, with 86 percent of China’s new energy capacity added last year coming from clean energy.

 

America Can’t Afford This Gamble

At a moment when AI, cryptocurrency, and data centers are driving unprecedented energy demand, Republicans want to cripple the fastest-growing source of new power generation. This isn’t just economically destructive — it’s strategically disastrous.

The choice is clear: America can lead the global energy transition and reap the economic benefits, or we can hand that leadership to China while workers, families, and businesses pay the price.

A Glimpse at What this Bill Would Mean in the States

• Kentucky — Courier Journal: “Thousands of Kentucky jobs at stake as Congress hashes out the ‘one big, beautiful bill’”

• Florida — Tampa Bay Times: “Congress could kill rooftop solar tax credits used by Florida homeowners”

• Virginia — Canary Media: “House budget threatens billions in clean energy investment in Virginia”

• South Carolina — SC Daily Gazette: “Repealing clean energy tax credits would raise SC utility bills, reduce jobs”

• Minnesota — Star-Tribune: “Congressional budget bill could kill solar industry in Minnesota just as it was gaining momentum”

• Michigan — Michigan Live: “GOP cuts to clean energy tax credits would deal a blow to Michigan, businesses warn”

• Pennsylvania — WHYY: “Pa. solar installers were counting on U.S. Rep. Fitzpatrick to keep tax credits. Some feel ‘abandoned’ by GOP rollbacks”

• North Carolina — WRAL: “Federal spending cuts could pull the plug on NC’s clean energy boom”

• Utah — Utah News Dispatch: “Tax bill proposal terminating clean energy credits may increase Utahns’ energy costs”

• Arizona — KAWC: “Could clean energy tax credits cease to exist? AZ advocates say much is at stake”