Analysis of the Republican bill's cuts to clean energy tax credits predicts a sharp drop in clean energy and EV sales and rising energy costs and emissions.

According to the plan, the residential clean energy credit, which provides a 30% tax credit for home solar panels, batteries, geothermal heat pumps and more, would expire at the end of 2025. The credit is currently set to expire at the end of 2034. The tax credit for rooftop solar panels has existed, in some form or another, since 2005 .

After a marathon markup stretching over 17 hours, the House Ways and Means Committee advanced sweeping cuts to Democratic renewable energy and climate tax credits as part of the tax portion of the massive fiscal overhaul Republicans are aiming to pass to enact much of President Donald Trump‘s domestic agenda.