The Solar Energy Industries Association (SEIA) has raised alarm over a bill passed by the U.S. House of Representatives in May, cautioning that it could severely damage the American solar and storage industry if not revised by the Senate. The bill’s rollback of clean energy tax credits could result in sweeping economic and environmental consequences, according to SEIA’s latest analysis.
The proposed legislation puts 330,000 jobs at risk across the country and could lead to the shutdown or cancellation of 331 factories, while also wiping out $286 billion in local investment. SEIA warned that the blow would be particularly severe in key solar states like Texas, California, Florida, and Illinois. Texas, the nation’s fastest-growing solar market, alone could lose 34,100 jobs by 2030.
SEIA also highlighted that many of the hardest-hit states were won by President Donald Trump in the 2024 election, signaling that the economic fallout from the bill would cut across political lines and directly affect communities nationwide.
Beyond the job and investment losses, SEIA’s analysis reveals additional repercussions for consumers. The rollback could increase electricity costs by $51 billion and reduce future clean energy production by 173 terawatt-hours (TWh) by 2030 — enough to power millions of homes.
“These are not just numbers. These are American livelihoods, hometown factories, and billions in savings for consumers on the line,” said SEIA President and CEO Abigail Ross Hopper. “Congress must act now to revise the bill and preserve the future of solar and storage in the U.S.”
SEIA is urging the Senate to amend the reconciliation bill to maintain critical clean energy tax incentives. The group argues that failure to do so would not only stall progress in America’s transition to a low-cost, sustainable energy future, but also reverse gains in manufacturing, energy security, and job creation.
As the clean energy sector continues to be a key driver of economic growth and innovation, SEIA’s warning adds urgency to the ongoing debate in Congress over the future of U.S. energy policy.
GreentechLead.com News Desk