Republican attempt to repeal US Inflation Reduction Act ‘threatens economy, jobs and investment’

By Cameron Murray
Facebook
Twitter
LinkedIn
Reddit
Email

Clean energy trade bodies ACP, ACORE and SEIA have denounced an attempt by Republicans to roll back the Act, which has spurred unprecedented investment in the US market.

House Bill ‘H.R.2811 – Limit, Save, Grow Act of 2023′, put forward by Republican Representatives passed in the House yesterday (26 April). It would significantly scale back the the federal support for renewable energy and energy storage enabled by the Inflation Reduction Act (IRA), which came into law this year, as well as other non-energy federal financial support schemes.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“This bill increases the federal debt limit and decreases spending. It also repeals several energy tax credits, modifies the permitting process and other requirements for energy projects, expands work requirements for the Supplemental Nutrition Assistance Program (SNAP) and other programs, and nullifies regulations for the cancellation of federal student loan debt,” the Bill reads.

The Bill “…repeals or modifies tax credits for renewable and clean energy, energy efficient property, alternative fuels, and electric vehicles”.

Clean energy trade bodies have been quick to slam the move, pointing out that the Inflation Reduction Act (IRA) has spurred billions in investment and created thousands of high-paying jobs since it was announced.

The Solar Energy Industries Association (SEIA) pointed out that new solar module manufacturing investment announcements since the Act would bring the US’ capacity to 47GW a year, and cautioned strongly against rolling it back.

“Repealing the IRA will stop this investment in its tracks, pulling the rug out from under the communities that are counting on these factory jobs,” it said.

“Playing games with the debt limit has very real consequences for businesses, workers and the entire economy. The IRA is expected to create an additional 200,000 jobs and US$600 billion in private investment in the solar industry alone over the next decade. Companies need to trust that the policy landscape will remain stable in order to put forward this level of capital, and it’s up to responsible lawmakers to ensure that certainty remains.”

To read the full version of this story including analysis and further comment visit Energy-Storage.news.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

September 26, 2025
The New South Wales (NSW) government has committed AU$28 million (US$18.3 million) to establish a new Renewables Manufacturing Hub in Blacktown, Western Sydney, Australia.
September 25, 2025
Inox Solar has started the first phase of commercial operations at a module manufacturing plant in Bavla, India.
September 24, 2025
Representatives from the EU, IEA and IRENA have signed an open letter to deliver a 'just and equitable energy transition'.
September 23, 2025
Boviet Solar has added an additional 1GW of manufacturing capacity to its module manufacturing plant in North Carolina.
September 22, 2025
The Rural Electrification Agency (REA) of Nigeria has announced plans to build a 1GW solar module manufacturing facility in the country.
September 22, 2025
The US added 6,012 new jobs in the solar industry between the fourth quarter of 2023 and the fourth quarter of 2024, according to E2.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland