As Congress considers Trump's spending bill, tax credits for solar, wind, and battery manufacturing are potentially at risk. The Inflation Reduction Act (IRA) previously facilitated a boom, resulting in plans for 250 new facilities and projected jobs and economic contributions by 2030. Interestingly, Republican districts have derived significant benefits from these credits, yet GOP lawmakers may seek to repeal them, labeling them a "green new scam." These tax credits enabled substantial growth, particularly in solar energy, which has become the leading source of electricity in the U.S.
Tax credits for new solar, wind, and battery manufacturing plants are on the chopping block as Congress debates Trump's spending bill.
Republican districts benefit the most from the IRA's clean energy tax credits.
If those projects are up and running by 2030, they would collectively create more than 575,000 jobs and contribute $86 billion annually to gross domestic product.
Solar manufacturing employed the biggest share of Americans, some 75,400 people.
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