Texas solar, energy storage companies plead with Congress to maintain federal clean energy tax credits

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Over 50 solar companies in Texas have urged Congress to maintain federal clean energy tax credits that have significantly boosted the state's solar industry. These tax credits were enhanced by the 2022 Inflation Reduction Act, a key climate initiative from the Biden administration. However, congressional Republicans are considering cuts to these credits as part of broader budget negotiations, which could jeopardize the growth of solar jobs and businesses in Texas.

The letter highlights that Texas currently has over 12,000 solar jobs, with many concentrated in the Greater Houston area. The companies argue that stable federal policies are essential for long-term planning and investment. They also emphasize the need for solar and energy storage to support the increasing electricity demands from data centers as Big Tech companies expand their operations in Texas. If the tax credits are eliminated, Texas could face a loss of over $50 billion in solar investments over the next decade, according to industry reports.