Changes to energy tax credits could raise Maine’s electricity costs by 20%

PORTLAND PRESS HERALD • June 19, 2025

Federal lawmakers are contemplating changes to energy tax credits that would likely raise energy and electricity costs for Mainers and stall growth in the state’s expanding renewable energy economy, analysts and industry players say. A slowdown in renewable development and increased reliance on fossil fuels for electricity generation would also leave costs vulnerable to the volatile prices of oil and gas, creating the potential for further rate increases down the line.