US EditionTax bill passed by House Republicans would gut Biden-era clean energy tax credits
- The House of Representatives passed a tax and spending bill on May 22, 2025, in Washington that cuts clean energy tax credits and opens public lands for resource extraction.
- The bill aims to repeal or phase out subsidies established by the 2022 Inflation Reduction Act, a Biden-era law supporting renewable energy like wind and solar.
- The legislation reduces or eliminates tax credits for rooftop solar, electric vehicles after 2025, and restricts projects linked to foreign entities, including China, while removing a proposed sale of 460,000 acres of public land in Nevada and Utah.
- Shares of solar companies plunged with Sunrun down nearly 41%, SolarEdge about 26%, and Enphase nearly 18%, while analysts called the bill a "sledgehammer" to clean energy incentives and stressed the threat to economic and climate goals.
- The bill now moves to the Senate, where some Republican senators, led by Lisa Murkowski, advocate preserving energy credits amid concerns about disruption to jobs, investment, and the US energy leadership position.
138 Articles
138 Articles
Solar Companies Burned by Clean-Energy Cuts
Photo by Kateryna Hliznitsova via UnsplashThis story was originally published on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.Solar stocks will need a lot of aloe vera to recover from the burn they suffered when the US House of Representatives passed a bill gutting clean-energy incentives. Home solar-panel installer Su…
China’s Solar Firms Face Potential Tax Credit Freeze Under House ‘Big Beautiful Bill’
Chinese clean energy companies would be excluded from tax benefits they enjoyed under the Inflation Reduction Act (IRA), should the One Big Beautiful Bill Act, currently considered by the U.S. Congress, become law. The act, a budget reconciliation package aimed to implement President Donald Trump’s policy agenda, was passed by the House of Representatives early Thursday by one vote. China solar importers are asking the Senate to change course in…
The Basics of IRA Subsidies and Why It’s Stupid to Kill Them - CleanTechnica
Republicans are doing what they said they’d do. They are moving bills through Congress to kill policies supporting electric vehicles, solar power, and wind power (while also massacring social services and limits on pollution). They are planning to give the richest Americans massive tax cuts — because their lives somehow ... [continued] The post The Basics of IRA Subsidies and Why It’s Stupid to Kill Them appeared first on CleanTechnica.
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