US EditionColoradans Worry over Green Energy Tax Credit Cuts in 'Big Beautiful Bill'
UNITED STATES, JUL 12 – The bill cuts renewable energy incentives five years early and cancels $15.5 billion in clean energy investments, while expanding fossil fuel subsidies, raising electricity costs by 9.2%, analysts say.
- On July 4, 2025, President Donald Trump signed legislation in Washington that significantly reduced tax incentives for clean energy while increasing financial support for fossil fuel industries.
- This legislation rapidly phases out tax credits established by the 2022 Inflation Reduction Act, fulfilling campaign promises and drawing mixed reactions over its market impact.
- The bill ends incentives for rooftop solar by December 31, 2025, EV rebates by September 30, 2025, and accelerates the wind and solar phase-out five years earlier than planned.
- Princeton’s Jesse Jenkins projects the law will reduce wind and solar generation and increase household energy costs, while $15.5 billion in clean energy projects have stalled nationwide.
- The bill threatens renewable energy investments across 40 states, including 271 rural projects, potentially causing job losses and slowing America’s clean energy transition compared to global competitors.
13 Articles
13 Articles
Energy Cuts in ‘One Big Beautiful Bill’ Raise Costs, Threaten Jobs, Investment in Rural Communities Across U.S.
In the mountains of western North Carolina, local renewable energy company Sugar Hollow Solar is already working through contingency plans to avoid laying off staff. Despite five new hires coming on board in June to install panels in rural communities throughout the region, circumstances have changed for the Asheville, North Carolina, business after the July 4 signing of the One, Big, Beautiful Bill Act (OBBB), the signature piece of legislatio…
Why Idaho murder victims' roommates waited hours to call 911
U.S. equity futures slid early Monday after President Donald Trump threatened high tariffs on more countries over the weekend, but were off the worst levels as investors bet those duties will eventually be negotiated down. Investors were also optimistic about second-quarter earnings season, which ramps up this week. Futures for the Dow Jones Industrial Average fell 122 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures also dropped 0.3% eac…
Non-profit helping those who lost children in July Fourth flood
Electricity prices are expected to surge higher throughout the next decade due to energy policy changes in President Donald Trump’s “big beautiful” bill, according to a new analysis from Energy Innovation, a non-partisan energy and climate think tank. Signed July 4, the bill mandates expanded oil and gas leasing, caps clean energy subsidies and rolls back tax credits that helped to make wind, solar and other clean power cheaper for manufacturers…
Denver Post
Estes Park Trail-GazetteTwo big renewable energy projects in Colorado not moving forward
Even before President Donald Trump signed his tax and spending bill on the Fourth of July, Colorado lost two big renewable energy projects. The talk surrounding the budget package caused uncertainty in the sector over how it could impact incentives and financing, analysts said, likely leading to the pause in the projects. The new law speeds up the phase-out of incentives and tax credits approved in the Biden administration’s Inflation Reduction …
Commentary: Bill will deliver dirtier energy at a higher price
HeraldNet.com HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington Cuts to clean energy policy in the ‘Big Beautiful Bill’ will stifle our energy transition and cost us more. Commentary: Bill will deliver dirtier energy at a higher price Wire Service
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