“Key Points:
- The U.S. House budget reconciliation bill could increase Iowa household energy costs by up to $550 annually, a new report says.
- The bill would restricts tax credits for renewable energy and electric vehicles, potentially jeopardizing billions in Iowa projects.
- Iowa’s growing energy demand, driven by data centers and manufacturing, makes these tax credits crucial for affordable energy….
…’There are some tax credits that don’t end immediately, but (House members have) added so many restrictions, they’re all but impossible to use,’ said Jack Pratt, associate vice president for political affairs at the Environmental Defense Fund”