House Passes Bill to Roll Back Green Energy Subsidies

In a narrow vote, the House of Representatives passed the "Big Beautiful Bill" (BBB), a sweeping budget reconciliation measure aimed at repealing and rescinding green energy subsidies introduced by the Inflation Reduction Act (IRA). The BBB targets over $500 billion in subsidies allocated to wind, solar, and other green energy projects, which critics argue have failed to meaningfully contribute to the electrical grid while burdening taxpayers. The bill repeals several key provisions of the IRA, including funds for greenhouse gas reduction, low emissions electricity, and diesel emissions reductions. It also terminates long-standing tax credits for wind and solar projects, imposing strict deadlines that effectively end these subsidies for new projects. According to analysts, this move could significantly reduce government spending on green energy, with estimates showing over $529 billion in pending investments at risk. Supporters of the BBB argue that ending these subsidies is a necessary step to curb wasteful spending and promote economic efficiency. However, advocates of green energy, such as the Solar Energy Industries Association, warn that repealing these measures could halt a manufacturing renaissance, raise electric bills, and eliminate jobs tied to renewable projects. The bill now faces potential hurdles in the Senate, where its passage is far from guaranteed.

Published: 5/26/2025