The House of Representatives has sent the Senate a bill that phases out the clean electricity tax credits established by the Inflation Reduction Act. As the Senate now debates the tax credits’ future, Resources for the Future Senior Research Associate McKenna Peplinski breaks down how these tax credits incentivize and advance clean electricity projects, and what their repeal would mean for the future of the sector and consumers.
You can read more about the potential impacts of an early phase-out of these tax credits in a recent issue brief coauthored by Peplinski.