House budget bill repeals clean energy tax credits in PA
Energy Future PA leaders warn of job and investment losses
Legislation jeopardizes PA’s leadership in energy innovation
The U.S. House budget bill, which passed Thursday morning, will eliminate clean energy tax credits and stifle job creation and new energy production in Pennsylvania, said Energy Future PA Co-Chairs Conor Lamb and Kate Harper.
Lamb, a former Democratic U.S Congressman from Allegheny County, and Harper, former Republican State Representative from Montgomery County, said the bill will repeal critical energy tax credits passed under the Inflation Reduction act of 2022. Lamb and Harper responded to the bill by issuing the following statement:
“If we are serious about an America-first energy strategy, then we need serious investments in our energy future from both the private and the public sectors. This legislation signals a retreat from that America-first strategy, pulling back critical public sector energy investments at a time when our nation is facing an unprecedented rise in electricity demand. The real casualties of this legislation will be the Pennsylvania workers, businesses, and consumers who are ready to lead and benefit from a more reliable, more affordable, and cleaner energy system.
“Here in Pennsylvania, the impact of this legislation cannot be overstated. Billions of dollars in private sector investment in Pennsylvania’s two regional hydrogen hub projects are now at risk, along with the tens of thousands of good paying jobs the hubs are estimated to create, as a result of the repeal of the hydrogen tax credit. Efforts to reinvigorate nuclear power in the state – including restarting the former Three Mile Island Unit 2 – could be snuffed out, because of the proposed repeal of the nuclear production tax credit and the elimination of the Department of Energy’s Loan Programs Office.
“Pennsylvania has powered the nation for two centuries, and we believe the nation’s energy future will continue to be ‘Made in PA.’ This is our moment. We urge our elected leaders in Congress to embrace this opportunity for America and Pennsylvania to lead the new energy economy.”
Energy Future PA is a nonpartisan coalition of independent organizations.