In a letter to the conference delegation of Pennsylvania, Gov. warned. Josh Shapiro that there can be consequences for eliminating tax credits for clean energy.
“More than $ 3 billion in direct investments in Pennsylvania energy projects would be undermined by the tax increases of HR 1,” Shapiro wrote. “This includes potential effects for more than 70 facilities that have been announced in the Commonwealth, so that by 2030 more than 26,000 jobs are directly threatened because of the effective tax increases.”
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HR 1, the budget law with many of the domestic policy priorities of the Trump administration, would eliminate a number of tax credits for renewable energy consumption projects, many of which have been established by the Democratic-conducted inflation reduction law in 2022.
Shapiro warned that the most difficult impact would fall on those who are planned to open soon. In the home version, most tax credits for clean energy would end abruptly, instead of in 2032, when they initially had to expire.
The senate version is slightly smoother. Tax credits for wind and solar projects would be phased out instead, with decreasing credits for projects that break the land in 2026 and 2027.
The Senate also moved to maintain certain tax credits for nuclear, hydropower, battery and geothermal projects until 2034. Shapiro applauded this change.
Yet he spoke specifically to several who have already been announced, of which he said it could suffer from the changes. This includes two projects in Clearfield County, which, according to him, is expected to create more than 900 jobs.
Shapiro said that the bill could also terminate the state programs designed to help community institutions to lower their energy bills. He said that, for example, the Solar for Schools program could possibly lose more than $ 30 million.
The proposed budget also eliminates consumer-oriented tax credits for new and used electric vehicle purchases, as well as energy efficiency of home and the conversion projects for clean energy.
Pennsylvania Capital is part of States Newsroom, a non -profit news network supported by subsidies and a coalition of donors such as a 501C (3) public charity institution. Pennsylvania Capital-Star maintains editorial independence. Contact Editor Tim Lambert for questions: info@penncapital-star.com.
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