Trump’s Energy Bill: Your Wallet’s Worst Nightmare Coming In 2030

The bill that promises to “make America energy dominant” might make American families energy broke instead. Princeton researchers crunched the numbers, and they’re not pretty. Your electricity bill? It’s going up about 9% by 2030. That’s roughly $110 more in 2026, then nearly $300 by 2035.

Here’s the kicker. The bill kills tax credits for solar, wind, hydrogen, and nuclear projects. Those Investment Tax Credits and Production Tax Credits that made renewable energy affordable? Gone for any project not started before 2025 ends. Clean hydrogen electricity production credits? Dead next year. The whole credit transferability system that helped finance these projects? Disrupted. The House passed the measure by the narrowest margin of 215-214, showing just how divisive this energy overhaul has become.

Tax credits powering renewable energy affordability are getting axed—solar, wind, hydrogen, nuclear projects all losing critical financial support.

Power companies won’t add as many renewable projects without those credits. Less supply means higher prices. Basic economics, really. The timing couldn’t be worse either, with utility rates already climbing in 2025. Resources for the Future analysts project annual electricity bills jumping $75 to $100 per household. New Jersey families might see $100 to $160 increases by 2030. This stands in stark contrast to the potential 80% price drop in electricity costs that renewable energy could provide by 2040.

The job losses will sting too. Virginia alone has 70 clean energy projects worth $18.2 billion and supporting 11,000 jobs that used these credits. The Joint Economic Committee counted 21,642 clean energy jobs in Virginia created by the current tax incentives. Those positions? Many will vanish.

Meanwhile, greenhouse gas emissions will accelerate as clean energy adoption stalls. The bill’s FEOC rules restrict projects involving China, Russia, and other nations, further strangling supply chains. National tariff taxes on energy imports add more costs. Ontario’s 25% retaliatory tariff on electricity exports to Michigan, Minnesota, and New York shows how these policies trigger international trade wars that directly hit American consumers. The manufacturing boom in clean energy sectors faces extinction.

The irony is thick. A bill supposedly about energy dominance might leave Americans more dependent on fossil fuels while paying higher prices. Communities banking on clean energy investments will watch those opportunities evaporate. The climate targets set by the previous administration? Consider them toast.

This isn’t just bad environmental policy. It’s a direct hit to American wallets at a time when families are already stretched thin. The promise of energy dominance rings hollow when the electricity bill arrives.