An analysis predicts significant increases in yearly energy bills in several states by 2035 if the IRA credits are repealed.

The Prediction in Context

Source: www.theatlantic.com

An Energy Innovation analysis of an earlier, similar version of the bill found that, by 2035, the average yearly energy bill will be $473 higher in Michigan, $590 higher in Maryland, $668 higher in California, and $777 higher in Texas than it would have been if the IRA credits had remained in place. Blackouts and grid outages will become more frequent. Power-intensive industries such as AI and manufacturing will struggle under the weight of higher energy costs. China will solidify its dominance over clean-energy supply chains. "Just think of Trump's own priorities: lower energy prices, becoming an AI superpower, reindustrializing America, outcompeting China," Princeton's Jenkins said.