E2 & Clean Economy Tracker believe over $14 billion in clean energy investments and 10,000 jobs have been delayed or cancelled in the US since January 2025
Republican districts bear the brunt of lost investments, with more than $12 billion and 13,000 jobs
Cancellations worth $4.5 billion were reported in April 2025, ahead of the reconciliation bill passing the House
Since January 2025, more than $14 billion in investments and 10,000 new clean energy and vehicle manufacturing jobs have either been delayed or cancelled in the US, owing to uncertainty over clean energy tax credits under the Inflation Reduction Act (IRA), according to E2 and Clean Economy Tracker (CET).
Republican districts are seeing the most cancellations, as more than $12 billion and over 13,000 jobs have been cancelled here so far, says E2. These districts represent over 61% of all clean energy projects announced, along with 72% of all jobs and 82% of all investments, according to the analysts.
Ahead of the US House clearing the One, Big, Beautiful budget reconciliation bill in May this year, companies cancelled investments worth $4.5 billion in new battery, electric vehicle (EV) and wind projects in the month of April alone (see US House Passes Bill Threatening Clean Energy Incentives).
E2 tracks 390 projects across 42 US states and Puerto Rico, announced till April 2025, that represent nearly $132 billion in investments and 123,000 permanent workers. This includes 89 investments announced for the solar sector.
Investors are likely to pull the plug on more such investments, thereby cancelling prospective jobs if the One, Big, Beautiful budget reconciliation bill becomes a law, caution the analysts.
“Businesses are now counting on Congress to come to its senses and stop this costly attack on an industry that is essential to meeting America’s growing energy demand and that’s driving unprecedented economic growth in every part of the country,” said E2 Communications Director Michael Timberlake.
The good news is that new investments are still being planned and announced, including a $400 million investment by Corning to expand a solar wafer factory in Michigan and a $9.3 million investment by a Canadian solar equipment manufacturer for a new plant in North Carolina, both announced in April this year.
“Now is not the time to raise taxes on clean energy and compound the business uncertainty that is clearly taking a greater and greater toll on U.S. manufacturing and jobs,” added Timberlake.
The US Solar Energy Industries Association (SEIA) has already sounded the alarm, saying that the bill could jeopardize nearly 300 solar and storage factories (see SEIA: 300 Solar & Storage Factories At Risk With US Legislation).
In a recent report, the American Clean Power Association also pinned an ‘unreliable political system’ as the greatest threat to a reliable energy system in the country (see US Installed Over 4 GW Utility-Scale Solar In Q1 2025).
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