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Buried in the Senate’s tax overhaul is a provision that could drive up monthly electricity costs. Here’s how to prepare.
The Senate’s latest tax bill could hit your wallet through higher electricity bills. Buried on page 558 of the proposed legislation is a new excise tax on wind and solar projects that energy experts warn could increase consumer electricity prices by 8% to 10%. If your electricity comes from renewable sources, even in part, you could see real dollars disappear from your monthly budget.
