The Senate: We need to get rid of all these clean energy subsidies and let the free market do it's thing.
Also the Senate: We should give coal companies hundreds of millions of dollars to subsidize steel production in China.
The House is about to vote on a bill that could lead to hundreds of billions in lost energy infrastructure investments.
Here are some of the Republican-led House districts with the most to lose.
1. Rep. Kiggans (VA-02): $12 billion at risk.
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@AlexEpstein Also, I don't see you making the same arguments for #fossilfuel in your "philosophy"? That industry has had decades of tax benefits, why the hypocrisy? Is it because you are funded by them?
@AlexEpstein Alex, I think you are missing the point. First solar and batteries are the fastest to get developed and built to meet that demand. Second, just so you understand demand vs supply, EVERYONE's energy prices are about to skyrocket because you are significantly limiting supply.
If the House passes their big bill, they would be voting to cancel thousands of energy projects over the next decade.
There's a reason that trade unions are calling this "the biggest job-killing bill in history."
Keep in mind: to get an energy project to the point where you've actually commenced construction, you have to invest significant capital in planning, site acquisition/leasing, engineering, grid interconnection studies, permitting, contracting long lead items etc. Even exempting projects that have commenced construction now, the GOP Budget Bill pending in the Senate today would raise taxes on hundreds of projects in development across the country. Amending the bill to permit projects commencing construction within 12 months of passage (and remove arbitrary placed in service deadlines) would be much fairer treatment of at-risk, pending investments.
@ENERGY Oil is a global market place. Maybe @ENERGY should reimburse the @USNavy for defending the Strait of Hormuz to keep oil prices down. Why don't you have oil companies pay a tax per barrel to reimburse that cost every year?
Now we look to the House for the future of American energy. Stay active, stay engaged!
“Despite limited improvements, this legislation undermines the very foundation of America’s manufacturing comeback and global energy leadership."
@SEIA's statement: https://t.co/x3ZGDvAKKg
The Ernst, Grassley, & Murkowski Amendment corrects several of the clean energy provisions that are most damaging to American workers, American businesses, and American energy leadership.
SEIA encourages all Senators to support this amendment and thanks @SenJoniErnst, @lisamurkowski, and @ChuckGrassley for their responsible leadership.
@chiproytx Congressman, let's make sure #Oil companies are reimbursing the @USNavy for securing the Strait of Hormuz too! You know they do that to keep prices down, so a simple tax per barrel to cover annual costs should work? Is that what you mean by end all subsidies?
ACTION NEEDED: Overall, the #BigBeautifulBill is terrible for the #Solar industry but we have a window of time to try to make some improvements. There are a few Amendment’s moving through the Senate.
NOW is the time to call your Senators (https://t.co/QDVaZf2LOE), information is below:
Amendment 2704, Sponsored by Sen. Ernst (R-IA), Sen. Grassley (R-IA), Sen. Murkowski (R-AK):
1. Reverts to the Senate Finance Committee language on commence construction and phase downs for solar and wind projects (i.e., for years in which construction begins: 2025, 100% of credit value is available; 2026, 60% of credit value is available; 2027, 20% of credit value is available; and 2028 and beyond, no credits are available);
2. Codifies current safe harbor rules for projects that have commenced construction;
3. Strikes the new excise tax;
4. Eliminates the integrated component restrictions on 45X;
5. Delays implementation of FEOC material assistance until 2026. This would allow projects time to adapt. The current Senate mark required compliance for solar projects retroactive to June 17, 2025; and
6. Extends customs user fees through 2035 to fully offset any revenue impact on HR 1.
Amendment 2719, Sponsored by Sen. Hickenlooper (D-CO):
1.Delays the phasedown of the residential solar tax credit to the end of 2026.
Now that we have secured these amendments, it’s time to call your Senators and tell them to support these amendments (https://t.co/QDVaZf2LOE) .
The vote-a-rama will continue into the afternoon with a final vote likely in the early evening.
Keep the messaging SIMPLE! “Vote FOR Amendments 2704 and 2719.”
This is a CRITICAL moment in the fight, so get on the phone!
The energy industry has played a significant role in strengthening Kansas’ economy and workforce. Several CEBN members based in the state shared with the Kansas Reflector the positive impact the tax credits have had on their business and the importance of its protection.
Can we all agree that this is a STUPID way to pass major policy legislation that will affect so many Americans? This is a continuation of the "flood the zone strategy" and it will kill jobs, raise energy prices & shut down rural hospitals. At least let's debate it.
Here's what batteries were doing on the Texas grid yesterday. It's happening y'all! We're so close to having higher reliability AND massive room for growth for AI data centers, robotics, manufacturing, etc. But the President & Congress want to derail it. So short-sighted.