Analysis on Senate Reconciliation Bill Text
Ultimately removed, a proposed tax on critical American energy in OBBBA would have increased electricity prices for consumers and businesses by 8-10%
Update: this provision was ultimately removed from the final bill that was signed into law. The analysis was based upon if this provision—now removed—had been passed into law.
The new and unprecedented tax on energy applies to any solar or wind project that starts construction following the enactment of the bill through 2036.
The tax has not been fully evaluated for its impact on energy consumer prices and business investments until now.
According to ACP analysis of the updated Senate bill:
The impacts we anticipate from this bill to the fastest-growing sectors of our energy industry are vast and will hit communities across the United States, but will especially hit hard in rural communities who would have been the greatest beneficiaries of clean energy investment.