Inevitable How the Budget Bill Could Reshape America’s Energy Future
Jun 13, 2025
Join Jeremy Harrell, CEO of ClearPath, and Vikrum Aiyer, Head of Global Public Policy at Heirloom, as they tackle the critical changes in clean energy tax provisions awaiting Congress. They dive into the impact of proposed legislation on technological innovation and energy security. Discover the intricacies of tax credit transferability, the significance of direct air capture technology, and why bipartisan support is crucial. Plus, hear about strategies for startups to influence policy and protect future renewable energy projects.
AI Snips
Chapters
Transcript
Episode notes
Reconciliation Process Powers Budget Bill
- The reconciliation process enables Republicans to pass tax funding legislation unilaterally given current House, Senate, and White House control.
- The budget bill aims to extend 2017 tax cuts, offset by cuts including clean energy tax incentives, raising major debate.
FIAC Rule's Unworkability Explained
- The FIAC rule aims to exclude projects with foreign entity ownership concerns, primarily relating to China, but its wording is unworkable.
- Companies struggle to prove they lack such exposure, complicating access to tax credits and investments.
Limited Transferability Harms Investment
- Transferability of clean energy tax credits allows companies without tax appetite to monetize credits by selling them.
- The House bill severely limits transferability duration, harming liquidity and investment potential, while the Senate favors longer terms.