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Senate GOP tax bill could crush wind and solar power, advocates say

  • On Tuesday, the U.S. Senate passed a Republican budget measure 51-50 that eliminates a proposed excise levy targeting solar and wind energy generation but accelerates the expiration of their associated tax incentives.
  • The bill seeks to repeal key elements of the climate legislation enacted in 2022 under Democratic leadership, with Republicans aiming to pass it before the July 4 holiday despite bipartisan worries about its effects on energy.
  • While the legislation retains incentives for advanced nuclear, geothermal, and hydropower, it increases oil and gas leases and revives coal leasing in certain states.
  • Abigail Ross Hopper, president of the Solar Energy Industries Association, cautioned that if the legislation is enacted, it could lead to increased energy costs for households, factory closures, job losses for Americans, and a deterioration of the electric grid.
  • The bill now moves to the House for final approval amid fears it could severely damage renewable energy growth and increase costs for consumers and businesses nationwide.
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U.S. News broke the news in New York, United States on Monday, June 30, 2025.
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