More than 260 businesses and trade associations have urged Congress to preserve the full suite of federal energy tax credits, warning that changes could undermine clean energy growth, raise consumer costs and jeopardise jobs.
In a letter organised by the Business Council for Sustainable Energy (BCSE) and the Clean Energy Business Network (CEBN), 268 signatories from across the energy value chain stressed the importance of maintaining long-term certainty in the tax code.
The companies represent $450 billion in revenue and over 163,000 employees across 43 states.
The letter comes amid rising U.S. electricity demand, driven by the rapid growth of AI, data centres and the onshoring of manufacturing.
According to S&P Global Commodity Insights, electricity use could grow by 35-50% in the coming decades.
“Companies rely on long-term business certainty in the tax code to plan projects and allocate capital,” said BCSE President Lisa Jacobson. “Now is not the time to disrupt the market by making unnecessary changes to the tax structure.”
Clean energy tax credits, including those for solar, wind, energy efficiency, hydrogen and carbon capture, have long enjoyed bipartisan support.
They are credited with spurring investment, creating jobs and improving energy reliability.
A report by Energy Innovation found that repealing these credits could cost nearly 790,000 jobs and raise household energy bills by over $6 billion annually by 2030.
NERA Economic Consulting also predicts a 10% rise in electricity costs for businesses if the credits are rolled back.
“Preserving business certainty in the tax code for energy credits will enable small businesses to confidently make investments in U.S. energy deployment and manufacturing,” said CEBN President Lynn Abramson.
The signatories are urging Congress to maintain tax policy stability as lawmakers debate broader fiscal legislation later this year.
Copyright © 2025 Energy Live News LtdELN