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Repealing Tax Credits Could Spike Energy Bills by 18%

6/28/2025

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Summary

Story summary

A recent analysis by Energy Innovation warns that repealing renewable energy tax credits could lead to a staggering rise in household energy bills over the next decade. States like Oklahoma and Texas may face increases of up to 18%, while a growing dependence on natural gas threatens to drive electricity and transportation costs even higher across the nation.

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Story summary

A recent analysis by Energy Innovation warns that repealing renewable energy tax credits could lead to a staggering rise in household energy bills over the next decade. States like Oklahoma and Texas may face increases of up to 18%, while a growing dependence on natural gas threatens to drive electricity and transportation costs even higher across the nation.