According to the S&P Global Market Indicative Power Forecast IRA Repeal Scenario report, if the Inflation Reduction Act (IRA) is repealed, a 15% decline in wind, solar, and battery storage capacity by 2035 is projected. This significant reduction could have lasting implications for our clean energy goals. The removal of the Production Tax Credit (PTC) for wind and solar could lead to higher wholesale energy prices. As renewable generators lose the ability to use these credits as negative bids, we may see increased costs for consumers.
