Trump’s Energy Bill Raises Costs, Cuts Clean Energy Jobs Nationwide

President Donald Trump signed the One Big Beautiful Bill Act (OBBBA), which repeals many tax incentives for clean energy established under the previous Inflation Reduction Act, leading to widespread concerns about increased energy costs and setbacks for the clean energy sector. Experts and industry representatives warn that the elimination of credits for solar panels, battery storage, electric vehicles, and other clean energy projects will drive up household energy bills nationwide, with estimates of increases ranging from $90 in Texas to $280 by 2035 nationally. The bill also threatens to reduce clean electricity generation significantly, cut capital investment by hundreds of billions, and potentially eliminate hundreds of thousands of clean energy jobs by 2030. States like Illinois and Florida are expected to feel the impact through higher consumer costs and slower progress toward clean energy goals, while Texas faces potential grid reliability risks due to reduced solar development. Supporters argue the law will save taxpayer dollars by undoing what they see as ineffective programs, but environmental groups and energy advocates emphasize the negative consequences for climate, economy, and energy independence. Consumers and businesses are advised to undertake energy-related projects before tax credits expire at the end of 2025 to avoid missing out on current savings.