SB 302 Fact Sheet
California’s tax on an Inflation Reduction Act benefit is making electricity more expensive.
Senate Bill 302 would save ratepayers money and foster clean energy development in California.
California is one of only five states that taxes an Inflation Reduction Act benefit that reduces clean energy development costs.
The added tax increases electricity prices paid by residents.
SB 302 would eliminate the tax, aligning California’s tax code with the federal code and saving ratepayers money.
Federal IRA tax incentives are set to expire for wind and solar power in the coming years under the megabill that President Donald Trump recently signed into law, making it even more important to pass SB 302 now to capture savings for Californians.
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