Too much of a good thing for Texas? Uncle Sam’s pumping up wind, solar and batteries

Texas may be a fossil-fuel capital, but wind and solar power have been dominating the growth in electricity generation, and storage batteries are coming on fast.The momentum for a greener Texas is about to gain even more traction, thanks to a federal climate bill passed by the Senate last weekend and headed to the House.Known as the Inflation Reduction Act, the bill features $386 billion in investments in energy and climate change. That includes $161 billion of tax credits related to clean electricity, according to the Committee for a Responsible Federal Budget.The bill extends federal tax credits for wind, solar and batteries for a decade, ending uncertainty over the tax breaks that whipsawed the industry for years. It includes incentives for hydrogen technology, which is still emerging, and for power plants reducing emissions to net zero.Those breaks, along with new credits for…

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