“Nevadans can expect to see energy bills rise, gasoline costs creep upward, an increase in health risks, job losses … as a result of President Donald Trump’s One Big Beautiful Bill Act.”

A new report from the Nevada Current found that Donald Trump’s tax bill will undermine environmental protections, lead to more expensive utility bills, and cost the state jobs and federal investments. 

Trump’s efforts to freeze Inflation Reduction Act dollars is threatening the more than $15.5 billion in investments and the more than 20,000 good-paying clean energy jobs resulting from those investments, the sixth-most in the country. Nevada has claimed more of its potential IRA funds than any other state in the nation, including receiving over $96 million for consumer home energy rebate programs to help Nevadans lower their energy costs. In 2023, Nevada’s clean energy industry employed 35,158 workers and more than 41,000 Nevada families benefited from more than $151 million in tax credits to further lower the costs of clean energy. 

Another report released by the Nevada Current revealed that Joe Lombardo has spent his time – on the campaign trail and as governor – criticizing investments made by federal Democrats while attempting to take credit for job-creating projects funded by those same investments, including the IRA. Now, as those same projects – as well as tax credits benefiting our solar industry – have been cut by Congressional Republicans and the Trump administration, Lombardo said Nevadans should be “excited” about the loss of tens of thousands of good-paying jobs and the disruption to hardworking people’s lives and wallets. 

Read more below: 

Nevada Current: Ugly truths about Trump’s Big Beautiful Bill and energy costs

Key points:

• Nevadans can expect to see energy bills rise, gasoline costs creep upward, an increase in health risks, job losses, a plunge in the state’s gross domestic product, and the potential for a resurgence in nuclear energy as a result of President Donald Trump’s One Big Beautiful Bill Act, industry experts are predicting. 

• The OBBBA eliminates or phases out a number of clean energy tax credits enacted by the Inflation Reduction Act of 2022, and is expected to reduce investment in renewables.

• “One of the bitter ironies of this bill is it’s been billed as something to lower costs for working Americans,” says Harrison Godfrey of Advanced Energy United, a trade group for clean energy interests. “It will absolutely raise costs on consumers, at the same time stripping away their ability to actually manage their own costs through distributed energy resources, energy efficiency and electric vehicles.”

• As a result of Trump’s policy, Nevada’s annual gross domestic product (GDP) is projected to “shrink by $1 billion in 2030 and $1.5 billion in 2035. Between 2025 and 2034 – the Reconciliation budget window – cumulative GDP would shrink by $8 billion in Nevada,” according to a state-by-state analysis from Energy Innovation, a nonpartisan think tank. 

• In Nevada, the OBBBA is expected to hike household energy spending by an average of more than $270 a year in 2030 and more than $500 a year in 2035, according to Energy Innovation’s report. “Statewide, households will foot nearly $4 billion in increased energy bills through 2035.” 

• The cost of a kilowatt hour for Nevada’s residential and commercial electric customers is expected to increase by 6.1% by next year, and by 6.6% by 2029, according to an analysis by the National Economic Research Associates (NERA), commissioned by the Clean Energy Buyers of America. 

• Although the measure calls for ramped up domestic fuel production, increased energy demand “would raise prices more than increased domestic supply could lower them.” 

• Under the OBBBA, recipients of the Supplemental Nutrition Assistance Program who receive energy assistance will be required to count the subsidy as income, unless the household includes an elderly or disabled person. 

• The bill Trump demanded that Congressional Republicans pass “drastically changes and terminates existing clean energy tax credits passed by Congress in 2022, which to date have generated $11.34 billion in new private-led investment across 45 domestic energy and manufacturing facilities in Nevada,” according to Energy Innovation. The measure threatens an additional $16.96 billion in private investment in 94 facilities planned throughout the state.

• The OBBBA is expected to cut 6,200 jobs from Nevada’s workforce by 2030, and more than 8,300 jobs by 2035, “as new investment in domestic energy and manufacturing falters,” says Energy Innovation.

• “This bill will kill projects and depress the addition of new energy supply at a time of rising demand, “ says Godfrey of Advanced Energy United.

• Of 63 new and proposed solar array projects listed on the Public Utilities Commission of Nevada’s website, 22 are scheduled to go into service after Trump’s Dec. 31, 2027 deadline, while another 41 projects have no in-service date scheduled. 

• Trump’s agenda “takes a sledgehammer to rooftop solar, and distributed energy broadly,” Godfrey says. The credit that has helped finance almost a third of the cost of rooftop solar systems expires at the end of the year under the OBBBA. 

• According to the U.S. Department of the Treasury, Nevadans claimed more than $137 million in credits for investments in residential electricity generation on their 2024 tax returns.

• Republican Rep. Mark Amodei, the only member of the Nevada delegation to vote in favor of Trump’s bill, did not respond to requests for comment on the measure’s expected impacts in Nevada. 

• Gov. Joe Lombardo, who has embraced clean energy projects, including many made possible during the Biden era, also did not respond.