Nuclear uprates, which entail retrofitting existing nuclear plants with advanced equipment to improve their output, are an important strategy to improve the nation’s energy dominance and reliability. We find that completing uprates on the remaining U.S. nuclear fleet would mobilize an estimated $38 billion in capital investments and, in doing so, create:

• 390,000 jobs

• $31 billion in labor income

• $49 billion in national GDP

• $10.5 billion in federal, state, and local tax revenue

Yet these benefits are currently at risk, as they hinge on the continued availability of federal tax incentives, particularly the tech-neutral production and investment credits (45Y and 48E) and nuclear fleet credit (45U). Curtailing or repealing these provisions puts the future of nuclear uprates — and their economy-wide benefits — at risk.