Congress moves to kill renewable energy tax credits, boosting fossil fuels
H.R. 4118 — Stop the Subsidized Green Energy Scam Act · Filed by Roger Williams (R-TX) · Introduced Jun 24, 2025 · Referred to committee
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What it does
This bill eliminates federal tax credits for wind, solar, and battery energy storage facilities whose construction begins after the bill's enactment. It removes three existing tax incentives (Sections 48, 45Y, and 48E of the Internal Revenue Code) that currently subsidize renewable energy and storage projects, effectively ending federal financial support for these technologies.
Why we flagged it
The bill's stated purpose is to eliminate 'green energy scams,' but its functional effect is to remove market competition for fossil fuel producers by eliminating the financial incentives that make renewables cost-competitive. The mechanism is straightforward but the framing ('scam') mischaracterizes legitimate federal energy policy.
What the text implies
- Eliminates incentives retroactively for projects in planning/permitting stages, potentially stranding billions in private investment and creating legal/contractual disputes.
- Shifts energy cost burden to consumers and states, which may increase electricity prices and slow grid modernization in regions dependent on renewable capacity.
The full analysis lists 4 implications of this text.
Who stands to gain
fossil fuel producers (oil, gas, coal); traditional electric utilities; nuclear energy operators