Cutting US Energy Credits Doesn’t Save Money. It Steals It From Ratepayers & Local Governments. - CleanTechnica

The article from CleanTechnica discusses the ongoing Congressional debate over cutting federal clean energy tax credits, particularly those supporting solar energy. While some lawmakers view these credits as a way to reduce federal deficits, the article argues that eliminating them would be counterproductive. Solar tax credits have driven a significant industrial revival in the U.S., generating billions in GDP, federal and state tax revenues, and millions of jobs. In 2023 alone, the solar industry contributed over $75.5 billion to the U.S. economy and paid $15.7 billion in combined federal and state/local taxes. Studies show that for every dollar spent on solar tax credits, Americans save $2.67, partly due to lower electricity costs; removing these credits could increase electricity bills by $51 billion nationally, with some states facing increases over $110 per year. The article highlights the critical role of solar energy in state economies, including traditionally conservative states like Texas, Utah, Indiana, North Carolina, and Georgia, where solar contributes