Lower energy costs through tax credits

Larson supports tax credits for long-range electric transmission, home energy-efficiency improvements, solar and geothermal power, and purchases of new and used electric vehicles and electric bikes. The plan also offers credits to companies producing green or blue hydrogen and fuel cells while reducing carbon emissions. Larson says the transmission credit is intended to help lower grid-modernization costs, prevent outages, and reduce ratepayer bills.

Context: These are proposed provisions of the American Affordability Act, not described as enacted.

In their own words

Creates a new 30% tax credit for long-range electric transmission

The source

John B. Larson: Affordability and the Economy

Published: Original date not established; campaign context manually checked
Retrieved: 11/10/2026