REPEALING FEDERAL ENERGY TAX CREDITS WOULD COST AMERICAN JOBS AND INCREASE HOUSEHOLD ENERGY BILLS

The report argues that repealing federal clean energy tax credits and funding programs would lead to significant job losses, increased household energy costs, reduced GDP, and higher air pollution levels in the United States between 2025 and 2035.

• Repealing federal clean energy tax credits and funding programs would increase cumulative household energy costs by nearly $32 billion from 2025 to 2035. Annual consumer energy bills would increase by more than $6 billion across all American households in 2030 and more than $9 billion in 2035, with average per-household costs rising by $48 per year in 2030 and $68 per year in 2035.
• The repeal of these policies would negatively impact the US economy, resulting in a GDP drop of more than $160 billion in 2030 and nearly $190 billion in 2035. This would lead to the loss of nearly 790,000 jobs in 2030 and more than 700,000 jobs in 2035.
• Environmental and health consequences of repeal include an increase in emissions by nearly 260 million metric tons of carbon dioxide equivalent (Mt CO2e) in 2030, rising to over 530 Mt CO2e by 2035. This increase in air pollution is projected to cause more than 360 additional premature deaths annually by 2030 and more than 320 by 2035.
• The Inflation Reduction Act (IRA) has already driven $600 billion in private investment across approximately 750 domestic clean-energy projects and created over 406,000 new American jobs as of January 2025. However, proposals to repeal these policies have already stalled over 60 new projects, resulting in the loss of more than 42,000 announced jobs and $57 billion in investment through February 2025.

APA

Energy Innovation (2025). REPEALING FEDERAL ENERGY TAX CREDITS WOULD COST AMERICAN JOBS AND INCREASE HOUSEHOLD ENERGY BILLS. https://energyinnovation.org/wp-content/uploads/National-IRA-Rollback-Update-March-2025_FINAL.3.19.25.pdf

Chicago

Energy Innovation. REPEALING FEDERAL ENERGY TAX CREDITS WOULD COST AMERICAN JOBS AND INCREASE HOUSEHOLD ENERGY BILLS. 2025. https://energyinnovation.org/wp-content/uploads/National-IRA-Rollback-Update-March-2025_FINAL.3.19.25.pdf.

Wikipedia

{{cite report |author=Energy Innovation |title=REPEALING FEDERAL ENERGY TAX CREDITS WOULD COST AMERICAN JOBS AND INCREASE HOUSEHOLD ENERGY BILLS |date=March 2025 |url=https://energyinnovation.org/wp-content/uploads/National-IRA-Rollback-Update-March-2025_FINAL.3.19.25.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{energyinnovation2025repealing, author = {{Energy Innovation}}, title = {{REPEALING FEDERAL ENERGY TAX CREDITS WOULD COST AMERICAN JOBS AND INCREASE HOUSEHOLD ENERGY BILLS}}, institution = {Energy Innovation}, year = {2025}, month = mar, url = {https://energyinnovation.org/wp-content/uploads/National-IRA-Rollback-Update-March-2025_FINAL.3.19.25.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }