Wright backs long-term tax credits for nuclear, geothermal

By Kelsey Tamborrino | 06/10/2025 06:32 AM EDT

His call comes as Republicans weigh what incentives from Democrats’ Inflation Reduction Act they should jettison in their reconciliation bill.

Energy Secretary Chris Wright listens during a hearing of the Senate Committee on Appropriations Subcommittee on Energy and Water Development on Capitol Hill, Wednesday, May 21, 2025, in Washington.

Chris Wright has previously urged the preservation of “every incentive we can get from the federal government” to help grow the nascent geothermal and nuclear technologies. Mark Schiefelbein/AP

Energy Secretary Chris Wright called on lawmakers Monday to keep tax incentives for nuclear and geothermal energy in place through 2031 — marking a direct request from a key Trump administration official to lawmakers as they reconsider cuts sought by House Republicans to energy incentives enacted by Democrats.

“My recommendation has been to leave behind the equivalent of the wind and solar tax credits — through if you start construction by 2031 — for nuclear fission and fusion and geothermal,” Wright said at an event in Washington.

Wright has previously urged the preservation of “every incentive we can get from the federal government” to help grow the nascent geothermal and nuclear technologies. But his new comments ramp up the pressure on the GOP as senators weigh the future of the energy tax incentives under Democrats’ climate law, the Inflation Reduction Act.

Advertisement

House Republicans passed legislation last month that would broadly curtail the energy incentives, except those for nuclear power, after a concerted lobbying campaign from several Republicans. Wright phoned into a meeting with GOP lawmakers ahead of their vote on that legislation.

GET FULL ACCESS