ENERGY LEADERSHIP IN A TIME OF NEED: A BLUEPRINT FOR STATES

The document argues that the One Big Beautiful Bill Act (OBBBA) will negatively impact the U.S. economy by increasing energy bills and reducing GDP. To counter this, it urges state governments to accelerate the procurement and permitting of wind and solar projects to ensure they qualify for federal investment tax credits (ITC) and production tax credits (PTC) before the December 31, 2027 deadline, specifically noting a 'safe harbor' eligibility for projects beginning construction by July 4, 2026.

• The One Big Beautiful Bill Act (OBBBA) is projected to cause significant economic damage to the U.S. by 2035, including a $1.1 trillion reduction in GDP, the loss of 790,000 jobs, and $170 billion in increased energy costs for households and businesses.
• Federal tax credits (ITC and PTC) for wind and solar projects will terminate after December 31, 2027. Projects can qualify for 'safe harbor' if construction begins by July 4, 2026; otherwise, projects starting between July 4, 2026, and December 31, 2027, must be placed in service by the end of 2027.
• Wind, solar, and storage were the dominant new energy installations in the U.S. in 2024, accounting for 93 percent of installations. Utilities have planned nearly 140 GW of new wind and solar by 2030 to address a projected peak capacity need increase of 128 GW by 2029.
• While wind and solar credits are expiring, tax credits for battery storage and nuclear energy remain fully available through 2033, with advanced nuclear projects receiving an additional 10 percent adder.
• State policymakers can accelerate procurement without impacting state budgets by temporarily speeding up permitting for shovel-ready projects, expanding contract solicitations, convening agencies to resolve pending approvals, and directing state-led procurement for energy offtake certainty.

APA

Energy Innovation (n.d.). ENERGY LEADERSHIP IN A TIME OF NEED: A BLUEPRINT FOR STATES. https://energyinnovation.org/wp-content/uploads/ACCELERATE-NEAR-TERM-SOLAR-AND-WIND-PROCUREMENT.pdf

Chicago

Energy Innovation. ENERGY LEADERSHIP IN A TIME OF NEED: A BLUEPRINT FOR STATES. n.d. https://energyinnovation.org/wp-content/uploads/ACCELERATE-NEAR-TERM-SOLAR-AND-WIND-PROCUREMENT.pdf.

Wikipedia

{{cite report |author=Energy Innovation |title=ENERGY LEADERSHIP IN A TIME OF NEED: A BLUEPRINT FOR STATES |url=https://energyinnovation.org/wp-content/uploads/ACCELERATE-NEAR-TERM-SOLAR-AND-WIND-PROCUREMENT.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{energyinnovationndenergy, author = {{Energy Innovation}}, title = {{ENERGY LEADERSHIP IN A TIME OF NEED: A BLUEPRINT FOR STATES}}, institution = {Energy Innovation}, url = {https://energyinnovation.org/wp-content/uploads/ACCELERATE-NEAR-TERM-SOLAR-AND-WIND-PROCUREMENT.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }