Energy Analysts Project Hundreds of Dollars in Annual Household Cost Increases Under 'One Big Beautiful Bill'

Washington D.C. – The proposed "One Big Beautiful Bill" (OBBBA), a sweeping legislative package championed by the Trump administration and recently passed by the House of Representatives, is projected to significantly increase household energy costs across the United States. Critics, including social media commentator Armand Domalewski, have voiced concerns over the bill's potential economic impact. Domalewski stated in a recent tweet: > "Trump’s “One Big Beautiful Bill” will drive up energy costs by as much as 30% IN EVERY SINGLE STATE IN AMERICA."

The OBBBA, which narrowly passed the House on May 22, 2025, with a 215-214-1 vote, aims to extend the 2017 Tax Cuts and Jobs Act, enact substantial federal spending cuts, and increase defense allocations. A key component of the bill involves scaling back numerous clean energy tax credits established under the Inflation Reduction Act. This rollback is a primary driver of the projected energy price hikes.

Energy policy analysts from various nonpartisan organizations concur that these legislative changes will lead to higher energy bills for American households. Energy Innovation, a nonpartisan think tank, calculated that repealing clean energy provisions could result in household energy costs rising by over $250 annually by 2035. Similarly, the Rhodium Group estimates an increase of up to $290 per year, while Princeton University's ZERO Lab projects annual household prices could be $270 to $415 higher within a decade. These increases are attributed to a greater reliance on more expensive fossil fuels and rising demand for natural gas.

The bill's impact extends to the clean energy sector, with analysts describing its effects as "devastating." Provisions such as tight project timelines and "foreign entities of concern" requirements are expected to hinder wind, solar, and battery installations. The Solar Energy Industries Association (SEIA) predicts potential job losses totaling 300,000 across the country if the House package becomes law, further highlighting the economic consequences of the proposed changes.

Beyond energy, the OBBBA faces broad criticism for its potential societal and fiscal implications. The Congressional Budget Office (CBO) estimates the bill could add $2.4 trillion to $2.8 trillion to the national debt by 2034. Cuts to Medicaid and the Supplemental Nutrition Assistance Program (SNAP) are projected to impact millions, with public health researchers from Yale and the University of Pennsylvania warning of over 51,000 preventable deaths annually due to health program reductions.

As the bill moves to the Senate, where it recently cleared a procedural hurdle, negotiations continue amidst internal Republican divisions. Senate Majority Leader John Thune has set a goal of passing the Senate's version by July 4, 2025. However, moderate Republicans have expressed concerns over the clean energy credit cuts, and public figures like Elon Musk have called the bill a "disgusting abomination," signaling ongoing debate over its final form.