In 2023, the tax expenditure on end-use electricity for consumers in the US stood at 0.013% of GDP. Looking ahead, the forecast from 2024 through 2028 shows a steady increase, reaching 0.022% of GDP by 2028. The year-on-year growth rate indicates a stable upward trend, with the expenditure growing approximately 1.33% annually (CAGR) over the forecasted period starting from 2024.

Future trends to watch for include:

Potential policy changes impacting tax credits or subsidies for electricity.
Technological advancements reducing electricity consumption could alter projected tax expenditures.
Economic fluctuations affecting GDP and subsequent percentage of tax expenditure.