Power prices are expected to soar under new tax cut and spending law

8 comments

1. They were going to go up anyways. That’s just how it works when you’re in a period of utilities having to make large capital expenditures like large quantities of new generation or new transmission. Building out renewables and transmission is good but it’s not going to lead to rates going down in the short term.

2. Put PV on your roof, battery in the basement.

   Save yourselves!

3. Did power prices go down under Biden’s BBB law?
   If not, why do we expect them to go up now with its repeal?

   Honest question. Don’t have a dog in fight

4. It’s gotta be Obama and Hillarys fault. It couldn’t be Trump policies

5. God damn I dismissed solar due to a roof situation but this has me so missed it might be doing it out of spite.

6. >U.S. will lose out on billions of dollars in planned investment and hundreds of thousands of jobs.

   >Renewable energy manufacturing could get hit especially hard. Companies that have opened U.S. factories to make solar panels and other components have said abruptly unwinding clean energy tax incentives would threaten a decade-long push to onshore manufacturing and challenge China’s dominance of the sector. The tax credits that are being eliminated encourage companies that build power plants to buy American-made products, like solar panels and other components.

7. >Under Republicans’ new tax-and-spending law, U.S. greenhouse gas emissions are expected to fall by 25% by 2035 compared with 2005 levels, according to an analysis by the ZERO Lab at Princeton University and Evolved Energy Research. That’s little progress from where the country is now. Last year, emissions were about 20% below 2005 levels, according to the Rhodium Group, a research firm. Under Biden-era policies, emissions would have fallen by at least 40% from 2005 levels by 2035,

   Mother of all fucks are kids are going to have a really tough time

8. yes, because wind and solar is not a viable source of energy.

Comments are closed.