Power prices are expected to soar under new tax cut and spending law

NPR
8m read
A view of high-voltage transmission towers in Houston. The law President Trump signed on July 4 ends tax incentives for wind and solar projects and is expected to drive up electricity bills across the U.S., according to a nonpartisan think tank.

In states without policies to drive renewable energy, power prices could surge as federal tax incentives for clean energy disappear, according to Energy Innovation, a think tank.

(Image credit: Justin Sullivan)

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