A bill to amend the Internal Revenue Code of 1986 to extend the clean electricity production credit and the clean electricity investment credit based on increases in the price of, and demand for, electricity, and for other purposes.
Key claim: Senate bill S4175 proposes to extend the clean electricity production credit and clean electricity investment credit under the Internal Revenue Code by tying eligibility to increases in electricity prices and demand.
Abstract
(S4175 · 119th Congress) Latest action (2026-03-24): Read twice and referred to the Committee on Finance.
Why this matters
The clean electricity PTC (§45Y) and ITC (§48E) are the IRA’s central technology-neutral incentives, and their phaseout schedule is a major determinant of long-run federal revenue and clean generation buildout. Retooling the phaseout trigger from emissions to electricity price/demand would shift the tax expenditure’s duration to track affordability and grid load conditions, changing who ultimately captures the subsidy and for how long. Tracking such extension proposals is essential for mapping the evolving tax burden between clean energy investors and general taxpayers.