Here’s a striking contradiction: renewable energy is booming across America, with wind and solar power surpassing coal generation for the first time last year, yet Congress is considering legislation to limit this growth. Texas and Arizona, home to some of the country’s biggest renewable energy projects, could see anti-energy rules that would hobble an industry that has invested more than $200 billion in projects and factories since 2022.

The biggest threat is now in Washington, where budget legislation could end energy incentives that are fueling the renewable energy boom. The proposed changes would make it much harder for wind, solar, and battery storage projects to qualify for financial incentives.

The potential economic damage is already worrying business leaders. As Jason Grumet, chief executive of American Clean Power, explained, “The practical effect is an abrupt repeal of these incentives that translates into significant tax hikes that are going to freeze investment.” This could be particularly devastating for Texas, which hosts many of the renewable energy projects that depend on these tax credits to remain economically viable. More than three-fourths of proposed solar projects and more than one-third of wind farms waiting to connect to the power grid need these incentives to make financial sense.

The economic impact could be severe for everyday families and businesses. Studies suggest that eliminating these tax credits could raise electricity prices by more than 10 percent in several states between 2026 and 2032. This comes at a time when electricity demand is surging due to new data centers and manufacturing facilities.

Read the full story: Clean Energy Is Under Attack Even Where It’s Booming