Biden’s climate law is dead. The energy transition might not be.

Last year's "Big Beautiful Bill" repealed most of the tax credits from the 2022 Inflation Reduction Act, which had offered incentives for solar and wind power, EV battery factories, electric cars, and heat pumps (electric heating and cooling systems). A year later, the effects are mixed. The repeal has scrapped dozens of planned solar farms and battery plants and wiped out more than 250,000 jobs in the electric vehicle sector, according to a report from the business group E2. But it hasn't stopped the clean energy shift entirely.

A new MIT study found that about 75 percent of the solar and wind power expected under the old law will still get built, because much of it is now profitable without subsidies. Rooftop and large-scale solar have held up especially well, with more than 80 percent of projected solar still moving forward. Onshore wind has fared worse, with about half of expected projects at risk. Meanwhile, demand from AI data centers is pushing tech companies to sign large deals for wind and solar power anyway, which is helping offset some of the losses.

For homeowners, this means federal incentives for things like solar panels, heat pumps, and electric vehicles have shrunk substantially compared with two years ago. Some state-level rebates and programs may still exist, so it's worth checking what your state currently offers before assuming nothing is available. Experts say the broader path to cutting national carbon emissions has slowed and will likely take longer than it would have otherwise.