House Tries to Repeal IRA Credits
House Advances a Bill to Roll Back Clean Energy CreditsThe House GOP passed their draft budget on Tuesday, targeting clean energy provisions from the Inflation Reduction Act (IRA).Senate Republicans say the bill is only a starting point and that key changes will be needed.What the House bill does:The draft legislation from the Ways and Means Committee would:* Eliminate the residential solar tax credit (25D) after 2025* Phase down utility-scale credits (48E and 45Y) starting in 2029, ending by 2032* Preserve the manufacturing credit (45X) through 2031, then end it abruptly* Eliminate credit…
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