US EditionSenate Republicans Double Down and Target Clean Energy in Draft Tax Bill
UNITED STATES, JUN 17 – The proposed bill would end wind and solar tax credits by 2028 to reduce federal spending and fund tax cuts, causing solar stocks to drop as electric vehicle incentives also face rapid termination.
- Senate Republicans drafted a bill in June 2025 aiming to end clean energy tax credits like the 30% residential solar credit within 180 days of enactment.
- This proposal follows House Republicans' May passage of the One Big Beautiful Bill Act, which also cuts EV and energy efficiency credits to reduce federal spending.
- Industry leaders warn ending credits early would increase energy costs, threaten solar investments, and risk job losses while urging consumers to act soon.
- Alexia Melendez Martineau advised, "now is the time" to buy an EV before credits expire, while Zach Schalk predicted the bill will "cause the entire industry to collapse."
- The bill's future remains uncertain as Senate and House versions differ, and a fast-track vote is targeted by President Trump's July 4 deadline.
103 Articles
103 Articles
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Alaska’s unique power sector can’t afford to be penalized in congressional process
Wind turbines turn in Kodiak on May 14, 2018. (Photo by Dennis Schroeder/NREL)For decades, federal support for renewable energy largely excluded Alaska while building new energy opportunities and capacity in the Lower 48. Nonprofit cooperatives, which generate nearly all of Alaska’s power, didn’t qualify. Hydropower, which is an important energy source in many communities, also didn’t qualify, or received a lesser credit. Legislation passed in …
Budget bill poses threat to solar installation tax credits
INDIANAPOLIS Solar panels are expensive to install, but the federal government currently offers tax credits for individuals, businesses, and nonprofits interested in making the investment. A bill moving through Congress may put these financial incentives in jeopardy. "It's going to increase demand for things like gas and coal, and that's going to increase energy costs. It's also going to make it more expensive for people who want to put solar pa…
Senate GOP targets clean energy in tax bill
Tax credits for clean energy and home energy efficiency would still be phased out, albeit less quickly, under Senate Republicans' latest proposed changes to a massive tax bill. Electric vehicle incentives and other provisions intended to move the United States…
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