Certainty for Our Energy Future Act
Rep. Kiggans Introduces Bill to End Wind and Solar Tax Credits and Block China from Clean Energy Subsidies
This bill was recently introduced and is currently being reviewed by the House Committee on Ways and Means. It is in the early stages of the legislative process and is considered active. There are no upcoming votes scheduled at this time.
Legislative Progress
While this bill has support from several House Republicans, it faces a difficult path because it seeks to end popular renewable energy incentives that many other lawmakers want to keep.
Key Points
Impact Analysis
Personal Impact
Small businesses in the wind and solar energy sectors would face a hard cutoff on tax credits for new projects starting after 2030. This could reduce investment in new renewable energy installations and limit growth opportunities for companies that depend on these credits to make projects financially viable. Small solar installers, in particular, rely on the investment tax credit to offer competitive pricing to customers.
“The term `qualified facility' shall not include any facility used for the generation of electricity using wind or solar energy the construction of which begins after December 31, 2030.”
State Impacts
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
5 articlesMoment of truth nears on green credits, climate cuts
Reps. Andrew Garbarino and Jen Kiggans introduced the 'Certainty for Our Energy Future Act' as a compromise to phase out solar and wind incentives by 2030 while disqualifying companies tied to foreign adversaries and preserving the ability to buy and sell credits through transferability.
Republicans' green energy dilemma
The 'Certainty for Our Energy Future Act' serves as a middle ground for Republicans, allowing IRA tax credits for projects starting before 2030. This contrasts with hardline proposals for immediate repeal and aims to protect investments already flowing into Republican congressional districts.
GOP members introduce legislation to phase out subsidies for wind, solar
U.S. Reps. Jen Kiggans, David Valadao, Mark Amodei, and Dan Newhouse proposed the Certainty for Our Energy Future Act to terminate wind and solar credits by 2030 and impose restrictions on foreign adversaries like China and Russia to safeguard energy independence.
Source Information
Document Type
Congressional Bill
Official Title
Certainty for Our Energy Future Act
Data Sources
Sponsor
Cosponsors
(10)Analysis generated by AI. Always verify with official sources.