Saturday, July 13, 2024
Energy Transition Outlook Report 2023
HomeRenewablesHouse votes to repeal Inflation Reduction Act in debt limit negotiations While...

House votes to repeal Inflation Reduction Act in debt limit negotiations While unlikely to pass the Senate, it’s a sign the House may keep working to curb IRA incentives.

On April 27, the U.S. House of Representatives passed the Limit, Save, Grow Act of 2023, a Republican bill that would repeal the majority of the clean energy incentives enacted by the Inflation Reduction Act (IRA).
SEIA remains confident that a repeal of the IRA will not succeed in this Congress, but cautions the solar industry to stay vigilant to preserve this legislation.
“Rank and file Republicans may not share leadership’s desire to kill the IRA, and our team is targeting numerous offices and working with companies and partners to demonstrate the significant economic benefits of this new policy,” said CEO Abigail Ross Hopper in a SEIA Member Update.
Although the bill is unlikely to pass in the Senate with its Democratic majority, solar industry advocacy groups still sounded the alarms over the damage it could cause.
“The IRA tax incentives that would be repealed by this legislation have spurred American companies to announce dozens of new clean energy generation and manufacturing projects that are driving economic development, lowering energy costs and creating good-paying jobs in red and blue states across the country,” said Gregory Wetstone, president and CEO of the American Council on Renewable Energy (ACORE), in a statement. “Backtracking on these popular programs would harm our economy, weaken American competitiveness in the booming global clean energy marketplace and undermine our climate goals.”

- Advertisment -
Energy Jobline LinkedIn

Most Popular

Recent Comments