HR4118119th CongressWALLET

Stop the Subsidized Green Energy Scam Act

Sponsored By: Representative Williams, Roger [R-TX-25]

Introduced

Summary

Strips federal tax credits for new wind, solar, and battery energy storage projects. This bill would remove eligibility for the Energy Credit, the Clean Electricity Production Tax Credit, and the Clean Electricity Investment Tax Credit for any facility that uses wind, solar energy, or battery storage when construction begins after enactment, and it directs the Secretary of the Treasury, after consulting the Secretary of Energy, to issue regulations or guidance to implement the change.

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  • Clean energy developers and project owners: Projects that begin construction after enactment would no longer qualify for the Energy Credit under Section 48, the Production Credit under Section 45Y, or the Investment Credit under Section 48E.
  • Battery storage projects: Facilities that store electricity with batteries are explicitly treated the same as wind and solar and lose credit eligibility if construction starts after enactment.
  • Treasury and Energy Department: The Secretary of the Treasury, in consultation with the Secretary of Energy, must issue any regulations or guidance needed to carry out these terminations.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Stop credits for new wind, solar, storage

If enacted, new wind, solar, and battery storage projects would not qualify for key federal tax credits. This would apply to projects that start construction after the bill becomes law, not to earlier projects. It would end eligibility under the energy investment credit, the clean electricity investment credit, and the clean electricity production credit. Treasury, after consulting the Energy Department, would issue guidance as soon as practicable to explain the new rules. Over time, this could slow new projects and could affect power prices for households.

Sponsors & CoSponsors

Sponsor

Williams, Roger [R-TX-25]

TX • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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