E2 Report Puts OBBBA Clean Energy Losses at 468,000 Jobs and $68.18 Billion
Updated
Updated · pv magazine USA · Jul 13
E2 Report Puts OBBBA Clean Energy Losses at 468,000 Jobs and $68.18 Billion
1 articles · Updated · pv magazine USA · Jul 13
Summary
468,000 jobs are no longer supported after tax-law changes under the One Big Beautiful Bill Act triggered 216 clean energy and clean-vehicle project cancellations, closures or downsizings, according to a new E2 analysis.
BW Research modeled the fallout at $68.18 billion in lost capital investment across six sectors, plus $48.36 billion in annual lost operational investment tied to projects that would have expanded U.S. energy and manufacturing capacity.
124,500 construction-related jobs a year for five years and 343,500 permanent jobs were lost, with solar, battery storage and electric vehicles among the hardest-hit segments.
10 GW of solar, 3.75 GW of wind and 9 GW of battery storage were scrapped or reduced—enough to power about 3 million homes—at a time of record electricity demand.
E2 said the canceled projects would also have generated $10.7 billion in annual labor income, $2.5 billion in yearly tax revenue and a 134% value-added return over five years.
With US electricity demand soaring, can market forces overcome the $68 billion investment gap from recent policy changes?
As America scales back clean energy support, is it ceding its technological leadership to global competitors?
OBBBA’s $145.9 Billion GDP Loss: How the One Big Beautiful Bill Act Reshaped U.S. Clean Energy, Jobs, and Climate Policy
Overview
A July 2026 E2 report highlights the immediate and significant economic fallout from the One Big Beautiful Bill Act (OBBBA) and related executive actions. The report, drawing on findings from Wood Mackenzie, shows that changes to project permitting and funding withdrawals have led to the cancellation or halting of 7 gigawatts of renewable energy projects on federal land, with another 12 gigawatts at risk. These policy shifts have caused severe setbacks in renewable energy development, resulting in substantial losses across the clean energy sector and its supply chain, and signaling broader economic repercussions nationwide.