Geothermal and Nuclear Could Lose Big Under GOP Tax Proposal

Geothermal and nuclear could lose big under GOP tax proposal

This analysis and news roundup comes from the Canary Media Weekly newsletter. Sign up to get it every Friday. The House Ways and Means budget proposal would gut the Inflation Reduction Act and slow the rollout of solar, wind, and storage. It’d crimp EV adoption and crush clean-energy manufacturing . Energy costs…

House Ways and Means Proposal on Energy Tax Credits - Taxpayers for Common Sense

On Monday May 12, 2025, the House Ways and Means Committee released the full draft of its portion of the FY2025 reconciliation bill. The draft includes significant amendments to the energy tax provisions enacted under the Inflation Reduction Act (IRA). Nearly all IRA-created or extended tax credits currently in effect would be repealed or placed on an accelerated phaseout schedule. Notable exceptions include the Section 45Z Clean Fuel Production…