Inflation Reduction Act: clean energy investment and production tax credits, curtailed 2025
Enacted9/10
Federal · Inflation Reduction Act (Pub. L. 117-169); curtailed by Big Beautiful Bill (Pub. L. 119-21) · Signed Jul 4, 2025
Impact 9/10
The 2022 Inflation Reduction Act's wind, solar, storage, and EV manufacturing credits spurred hundreds of billions of dollars in announced clean energy investment. The One Big Beautiful Bill Act, signed July 4, 2025, terminated the electric vehicle purchase credits after September 30, 2025, ended residential clean energy credits after 2025, and imposed accelerated deadlines that phase out wind and solar credits for projects not placed in service by the end of 2027. Independent analyses project hundreds of thousands of clean energy job losses and higher long-run electricity costs.
TaxesEnvironment & energyWorking-age adultsLow-incomeMiddle-incomeImmigrantsRural residents
Sources
✓ Verified against primary sources 2026-08-16