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Yo_Mama_Been_Loggin

(126,125 posts)
Sat Jul 12, 2025, 03:03 PM Jul 12

Megabill's elimination of tax credits for clean energy projects could cost WA $8.7 billion

Officials are warning that the megabill passed last week will likely raise Washington households’ electricity costs and eliminate thousands of jobs in Washington’s clean energy and manufacturing sectors.

The federal legislation doesn’t override Washington’s goal to fully transition all electric utilities in the state to clean energy by 2045, but it makes the work more challenging.

“We have these great programs that are working, and now’s a great time to double down on those absent federal leadership so that we truly are getting to these goals, which we think we can still do,” said James Hove, the Washington state director of Climate Solutions, a nonprofit that seeks to accelerate clean energy solutions to address the global climate crisis.

The new law increases the requirements for developers to claim tax breaks for wind, solar and other renewable energy projects, and fully does away with those incentives by 2028.

-more-

https://washingtonstatestandard.com/2025/07/11/megabills-elimination-of-tax-credits-for-clean-energy-projects-could-cost-wa-8-7-billion/

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