Washington D.C. — The Senate Finance Committee released text on Monday for its portion of Republicans’ budget reconciliation bill with provisions that repeal certain essential energy tax credits that have fueled investment booms across America: creating jobs, lowering energy bills, and strengthening America’s energy independence.

At a moment when enhancing our energy supply could not be more important—with surging energy demand and a heightened need to shore up domestic energy supply—every watt of power matters. While the Senate budget includes fewer cuts in some sectors than the bill passed by the U.S. House of Representatives, the bill still eliminates several key incentives that would threaten America’s energy dominance and energy reliability, potentially cutting off access to a critical tool families have been using to relieve their household budgets by lowering energy bills.

Business leaders, investors, and organizations from coast to coast are warning lawmakers in both chambers that repealing the energy tax credits and other incentives that have lowered costs for consumers, created jobs for thousands, and boosted local economies would be a mistake.

Here is what they have to say about how repealing these incentives would hurts families, workers, and businesses across the country:

Clean Energy for America President Andrew Reagan: “The Senate’s budget proposal threatens America’s energy dominance and economic competitiveness by weakening critical clean energy tax credits that have injected hundreds of billions into our economy and more than 270,000 jobs. The Senate has the opportunity to chart a smarter course by protecting benefits that are sparking a manufacturing renaissance in states across the country. Lawmakers in both chambers must preserve these tax credits to protect jobs and ensure America’s energy dominance in the 21st Century.”

Aaron Nichols, Research and Policy Specialist, Exact Solar: “If this bill passes in its current form, thousands of tradespeople will lose their jobs. These are hardworking Americans who have undergone specialized training and are now feeding their families with the skills they’ve learned. They won’t have a place to apply those skills, and will likely need to start over as trainees in different trades. Their income and sense of dignity will take a hit. Their families will suffer as a consequence. The callousness of this administration towards this fact, especially while we need more energy than ever to meet demand, is a hard pill to swallow.”

Scott Ringlein, Founder, Energy Alliance Group: “Preserving clean energy tax credits isn’t about politics, it’s about giving Americans the freedom to choose affordable, reliable energy. Solar and other distributed technologies are being deployed today to meet rising demand, both now and in the years ahead. Companies aren’t waiting to power their data centers, and communities can’t afford to wait either. This is about choice, the ability to lower-cost power when and where it’s needed most.”

Liz Burdock, CEO, Oceantic Network: “The Senate Finance Committee’s reconciliation package threatens to stall momentum on much-needed new sources of clean energy that will affordably power our homes, meet energy demand, and create opportunities for domestic manufacturing and thousands of new U.S. jobs. While progress has been made, the current markup sunsets credits too quickly, making them unusable for many critical projects in the pipeline designed with those in place. We urge the full Senate to reconsider this package and support America’s energy future.”

Howard Fischer, Private Investor, Fischer Family Office: “As an active impact investor I am greatly disappointed by the budget as proposed by the Senate. If we are to have American Energy Dominance, if we are to support AI and data center growth quickly and affordably, solar and wind are essential. There are hundreds of billions of dollars held by committed impact investors ready to deploy into such projects – this capital will remain undeployed if the limits included in this bill are enacted. Importantly too in this time period of highly volatile oil prices is that we should be increasing our reliance on the stable economics of solar and wind. Their prices are not subject to geo-political whim.”

Zach Friedman, Senior Director, Federal Policy, Ceres: “While the Senate bill improves on the House version by cutting red tape and restoring transferability, it still pulls the rug out from American energy producers, innovators, and manufacturers. This legislation risks sending hard-won U.S. manufacturing jobs overseas—just as we need to scale up affordable, reliable power. As the reconciliation process moves forward, Ceres and our business partners will continue urging lawmakers to recognize the economic, energy, and geopolitical stakes. The Senate must revise this bill to preserve pro-growth policies that drive American energy affordability, manufacturing jobs, and global competitiveness. Businesses need long-term certainty to invest with confidence.”

Tripp Baird, Founder and Managing Partner, Builders Fund: “We are deeply concerned that the current version of the One Big Beautiful Bill abandons longstanding conservative principles of technology neutrality and free-market competition in energy. By prematurely phasing out clean energy tax credits and unnecessarily targeting solar and wind as subsectors of energy development, the bill threatens to disrupt billions in private investment, stall job creation, and slow progress on American manufacturing and grid resilience. While we are grateful for the Senate’s willingness to incorporate pragmatic changes based on industry feedback, more work remains. We urge Congress to ensure that any final legislation supports an ‘all-of-the-above’ energy future—one that fosters domestic supply chains, accommodates rising grid demand from AI and industrial reshoring, and leverages the speed and scalability of solar and batteries to help America lead in the global energy race.”

Kevin Doffing, CEO, Project Vanguard: “The recently released Senate Finance Committee tax proposal to eliminate credits for wind and solar is deeply disappointing and dangerous. It undermines national security and betrays core conservative principles of market freedom, American self-reliance, and an all-of-the-above strategy to achieve American Energy Dominance. Veterans working in wind and solar understand the critical role these technologies play in reducing our dependence on foreign influence and strengthening our energy grid. This decision undercuts a growing workforce where veterans are twice as likely to be employed compared to other industries, representing 10% of the total workforce. Project Vanguard will continue to lead in ensuring that veterans, and the nation, aren’t held back by outdated thinking in a rapidly evolving energy landscape.”

Jon Knauer, VP Policy & Market Strategy, ConnectDER: “ConnectDER is a manufacturer of electrical equipment that allows Americans who choose to have solar or batteries installed on their homes save thousands in labor costs. We have nearly 70 full time employees in Philadelphia, and our products are sold in over two dozen states. While the Senate text has some incremental improvements for the residential sector, the elimination of the 30% ITC in 25D and the restrictions on solar leasing in 48E will have a profound impact on the ability of American homeowners to secure energy independence for themselves and their families. Rising utility rates and load growth are straining household energy budgets. Construction of new gas plants takes half a decade, and other promising technologies are even further from achieving scale. Solar and energy storage are solving the problems that we have right now. We encourage the Senate to continue to improve the bill, and adopt a true “all of the above” approach which preserves hundreds of thousands of jobs, ensures our continued security and technological superiority, and delivers choice and cost savings for American families.”

Jonathan Lyons, Founder, Among & Between: “America is at a tipping point in the competition for global energy leadership — we must not retreat by stripping American companies of the tools that got us here. Clean energy tax credits have supercharged domestic manufacturing, accelerated grid modernization, and created hundreds of thousands of good-paying jobs. Weakening these incentives now would stall progress, strand investments, and cede market leadership to global competitors. The Senate must choose whether to back American innovation — or block the very solutions our future depends on.”

Emily Kirsch, Founder and Managing Partner, Powerhouse Ventures: “The ITC (48E), PTC (45Y), and advanced manufacturing (45X) tax credits have been integral in unleashing American energy abundance and domestic manufacturing, and have collectively created hundreds of thousands of American jobs. These technology-neutral tax credits provide policy stability and enable critical investment into the energy infrastructure that is required to serve rapidly growing load in a cost-effective manner. Without this policy framework, America risks losing hundreds of thousands of jobs, significantly increasing electricity costs, and falling behind geopolitical competitors in critical domains like AI, energy, and advanced manufacturing that will define the 21st century. We encourage the Senate to maintain 48E, 45Y, and 45X as currently written.“