Congressional Republicans decided to get rid of energy sources, not add to them. And that will raise your bills, not lower them. Not only did they decide to minimize the supply of energy, but they are also cutting the fastest-growing and most affordable energy sources—renewables, like solar and wind. 

The GOP budget rapidly phases out tax credits for wind and solar, which will make the grid less reliable by cutting back 50 percent of new clean energy capacity over the next decade. This is all at a time when artificial intelligence and data centers are demanding more energy. 

Biden-era provisions, now cut by the GOP spending plan, were making it more affordable for families to install solar panels to lower utility bills. Those provisions helped families pay their bills, and brought down the overall cost of energy. Trump’s budget also cut building energy efficiency credits, which have collectively helped millions of Americans reduce their monthly energy bills $1,250 each year, while creating a quarter-million jobs. 

Instead, the GOP budget is projected to:

• Increase wholesale electricity prices by 25 percent by 2030 and 74 percent by 2035 
• Cause electricity rates for customers to increase between 9-18 percent by 2035
• Increase overall household energy costs by $170 annually by 2035 
• Eliminate 760,000 jobs by 2030

These changes will harm low-income households the most. Families living below the poverty line already spend anywhere between one-sixth to over one-fourth of their income on their energy bills. With Republicans cutting off the last of the fraying threads of our social safety net, families who were already making impossible decisions between heating and eating will be further crunched to make ends meet. 

If you want to work on a home improvement project to make your home more energy-efficient and healthier, and receive a tax write-off for it, your project would need to finish by the end of this year, thanks to GOP lawmakers. The new budget eliminates credits for installing solar panels, water heating, and heat pumps. It also eliminates a $1,200 credit for weatherization and insulation to make your home less drafty and more resilient to weather events and wildfires. 

To access energy-efficient home and commercial building incentives, developers would have to start construction by June 30, 2026. This is the same credit that supported the construction of nearly 350,000 efficient new homes in 2024 (PDF) and cut homeowner energy bills by about $450 per year. 

All together, Trump’s megabill will make it more expensive to make important home upgrades to heating, lighting, hot water systems, insulation, and home resilience. That not only means higher energy bills and a home that is built to decades-old standards now, but also lowers the value of your home if you decide to rent or sell it in the future. In a time where extreme weather events like hurricanes, wildfires, and floods are becoming all too common, the GOP is making it harder for residents to keep themselves and their homes safe. 

On top of this, the GOP bill will add trillions of dollars to the federal debt, which risks raising already elevated interest rates. Higher interest rates will make it more expensive for people to finance their purchase of a home. Couple that with the fact that climate inaction is also fueling rising insurance costs, and the cost of homeownership could become more expensive, less safe, and more difficult for everyday Americans. 

The Trump administration’s actions add literal fuel to this fire by intensifying the climate crisis, driving up pollution, and cutting off funds from FEMA and other agencies and programs that support resiliency.  

Interested in buying an EV? It’s about to get a lot more expensive. Tax credits created under the Biden-Harris administration, which ranged up to $7,500, are now being eliminated by Congressional Republicans on September 30, 2025. GOP lawmakers also put an end to tax credits for commercial clean vehicles and fueling infrastructure, which support U.S.-based industry, cut pollution, and create jobs. 

Many states and businesses have experienced a manufacturing boom, specifically in electric vehicles, advanced batteries, solar energy, and their supply chains, thanks to a credit (45X) that is now being phased out by the GOP budget. 

Investing in electric vehicles, industry, and charging networks translates into consumer savings at the pump, high-quality U.S.-based jobs, and cleaner air for communities that have faced deadly air pollution for far too long. But this progress is all being brought to a screeching halt by the GOP spending plan, undermining $200 billion in new investment. Driven by Trump’s EV vendetta, the U.S. will effectively cede the American auto industry to overseas competitors (specifically China), make it harder for people to afford used or new EVs, and drive up pollution across the country.