In 2023, the US tax expenditure on end-use electricity stood at $1.10 billion. The forecast for the period from 2024 to 2028 shows a gradual year-on-year decline, moving from $1.09 billion in 2024 to $1.05 billion in 2028. Despite this annual decrease of approximately 0.9%, the compound annual growth rate (CAGR) over the five-year period reflects a stable downward trend of about -1% annually.

Future trends to watch for include:

Potential policy changes impacting energy tax incentives.
Advancements in renewable energy technologies and their integration into the grid.
Shifts in consumer electricity usage patterns due to efficiency improvements or behavioral changes.