WASHINGTON – Senator Ruben Gallego (D-AZ) joined Senate Democratic colleagues in introducing the Lowering Electric Bills Act, which would restore the Inflation Reduction Act (IRA) clean energy tax credits and lower energy costs for working families. Last month, Republicans stripped funding for the IRA’s clean energy tax credits in their ‘Big Beautiful Bill’ which will raise energy costs for Americans by hundreds of dollars, kill almost a million jobs, and shrink GDP by $1.1 trillion.
“When they voted for their ‘Big Beautiful Bill,’ Republicans wiped out the investments that were lowering electricity costs for hardworking families, creating tens of thousands of good-paying jobs, and bringing billions of dollars of investment to Arizona,” said Senator Gallego. “I’m proud to support the Lowering Electric Bills Act to restore the tax credits that made those investments possible.”
The Republican budget bill guts hundreds of billions in IRA clean energy investments, including tax credits for wind and solar. The cuts will increase the average American’s electricity bills between $100-400 per year, force an estimated 300 U.S. factories to close or never open, and eliminate 830,000 American jobs by 2030.
In Arizona specifically, Republicans’ budget bill raises families’ utility bills by more than $110 per year and jeopardizes 134 projects in Arizona representing more than 69,000 potential new jobs and $58 billion in capital investment. All told, the bill is expected to shrink Arizona’s economy by $2.89 billion in 2030 and $1.8 billion in 2035.
The Lowering Electric Bills Act would restore three critical tax credits that Republicans decimated or fully eliminated in their budget bill. Restoring these credits would help all clean energy technologies including wind, energy storage, rooftop solar and more.
Full text of the legislation can be found HERE.
8/27/25