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San Diego Community Power hears federal tariff and tax-credit risks; staff say core portfolio largely shielded
Summary
Staff presented a special update on federal developments—House legislation, tariffs and executive orders—that could reduce clean-energy tax credits and raise equipment costs. Presenters said many SDCP contracts are already mitigated but earlier-stage projects and some battery storage remain at risk.
San Diego Community Power staff told the Community Advisory Committee on June 12, 2025 that federal policy proposals and recent tariff actions could reduce or end some clean-energy tax credits and raise equipment costs for renewable projects, potentially slowing future procurement and raising prices for projects not yet under construction.
Patrick Welch, SDCP associate director of legislative affairs, and Andrea (Andrea Torres), director of origination, briefed the committee on three areas: pending House legislation (referred to in the presentation as H.R. 1), alternative bills in the House (referred to as H.R. 3120/3191 in the presentation), and an evolving set of tariffs that have rapidly changed since January. Welch prefaced the briefing by saying, "This is a snapshot in time. Everything is very…
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