Utah’s Energy Crossroads: Business Leaders Champion Stable Tax Policy for Future Growth

One big thing:

Utah business leaders are urging Congress to uphold a gradual phase-down of clean-energy tax credits — a critical move to protect billions in energy investments and meet the state’s surging power needs.

Why it matters:

Uncertainty in energy policy risks derailing long-term infrastructure projects that support jobs, economic growth, and energy security across Utah.

By the numbers:

  • 66% — Utah’s projected population growth by 2060 (from 3.4M to 5.5M).
  • 2x — Governor Cox’s Operation Gigawatt aims to double Utah’s power generation in 10 years.
  • Billions — in private investment hinge on the stability of clean-energy tax credits.

The big picture:

Federal clean-energy tax credits — including for renewables, carbon capture, and nuclear — are a key part of Utah’s “all-of-the-above” energy strategy. The recently passed reconciliation bill creates a stable “glide path” to phase out credits, giving businesses time to adapt.

What’s next:

Congress must resist calls to accelerate the rollback of tax credits. Businesses need a predictable environment to plan, invest, and deliver long-term results.

The bottom line:

Utah’s economic future depends on a reliable, abundant, and affordable energy supply. Congress should hold the line — and not pull the plug on progress.

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