Energy & Environment

Republican Megabill Undermines Clean Energy Incentives While Boosting Fossil Fuels

By Economics Desk | July 3, 2025

The latest Republican tax and spending bill slashes crucial clean energy tax incentives, posing a serious setback to American families seeking affordable renewable solutions while doubling down on fossil fuel support.

On Thursday, Congress passed a sweeping tax and spending package championed by Republican leaders that severely undercuts the financial incentives for clean energy technologies. This legislation, now headed to President Donald Trump for signature, effectively raises costs for millions of Americans investing in home solar panels, heat pumps, and other energy-saving upgrades — all while pumping billions into oil, coal, and natural gas industries that fuel climate change. Clean Energy Credits Slashed The bill ends vital tax credits at the close of this year that have made renewable energy systems financially viable for middle-class families. Previously, credits covered about 30%...

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