ALBANY, New York — The accelerated phase-out of federal tax credits for clean energy has increased uncertainty for state efforts to bolster renewables.
States are delaying procurements of new renewables, including offshore wind and solar, as they evaluate the energy impacts of the One Big Beautiful Bill Act. Energy experts and policymakers expect consumer costs to be higher due to policy changes in the GOP megabill.
“Those costs will certainly increase, not just from short-term supply shocks and the loss of federal tax credits but also from the uncertainty,” said Julia Hoos, an energy analyst with Aurora Energy Research.
Why it matters: New York, New Jersey and other Northeast states have ambitious renewable energy goals. Democratic leaders were already signaling delays in meeting them after rising costs led to canceled contracts before President Donald Trump’s election, but the looming end of federal support elevates the uncertainty and potential for missed milestones.
