Donald Trump won the 2024 election and Republicans won the Senate. Much is still unknown — including ultimate control of the House of Representatives. Still, changes to the political landscape raise valid questions about future energy policy.
While adjustments and modifications are possible, the Inflation Reduction Act (IRA) is a large and complex piece of legislation. Many different technologies and geographies benefit from tax credits. Acknowledgment of those broad benefits is increasingly bipartisan. We expect tax credits and transferability to remain key components of energy policy for many years to come.
At Crux, we believe data and transparency are fundamentally important to a well-functioning market. We’ve partnered with Jason Clark of Power Brief to produce some quick insights on the implications of the election to energy tax credits:
