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Trump to Cut Solar, Wind Subsidies on July 4th

Developers say the cutoff will raise financing costs and could push power purchase agreement prices up 40% to 120%, according to LevelTen Energy.

  • On Saturday, the Trump administration will end federal tax credit subsidies for new wind and solar projects under the Working Families Tax Cut, terminating incentives that have existed in some form since 1978.
  • Energy Secretary Chris Wright said on Thursday the administration would "end the subsidies for wind and solar" after about 35 years, claiming they "drive up the system costs and increase Americans' electricity prices."
  • Subsidies have cost taxpayers more than $141 billion over the past 16 years, prompting developers to safe harbor between 216 and 240 gigawatts of solar capacity before the construction deadline.
  • Industry analysts expect average prices for power purchase agreements to rise by 40% to 120% without subsidies, though nuclear, geothermal, and energy storage systems remain eligible for credits until 2033.
  • House Democrats Sean Casten and Mike Levin introduced the Energy Bills Relief Act in March to reinstate the credits, while the Solar Energy Industries Association cautioned the industry will require time to adjust to a post-tax-credit world.
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Trump to cut solar, wind subsidies on July 4th

(The Center Square) - The Trump administration is set to cut subsidies for new solar and wind power projects on Saturday. Estimates suggest the subsidies have cost taxpayers more than $141 billion over the past 16 years.

·Cherokee County, United States
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heatmap.news broke the news in New York, United States on Thursday, July 2, 2026.
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