The repeal of clean-energy tax credits is expected to result in significantly fewer clean-energy projects being developed.

The Prediction in Context

Source: www.theatlantic.com

The Senate version of Donald Trump's One Big Beautiful Bill repeals the clean-energy tax credits in the IRA for all wind and solar projects that don't begin construction within a year of the bill's passage or become fully operational by 2028. As a result, future clean-energy projects, including many that have been announced but not yet built, will cost about 50 percent more than those that received the credits, according to an analysis by Jesse Jenkins, who leads the Princeton ZERO Lab. The inevitable result is that far fewer will come into existence. "It's hard to think of a bigger self-own," Jenkins told me. "We're effectively raising taxes on the country's main sources of new power at a time when electricity prices are already rising."