US EditionTrump directs Treasury to limit wind and solar tax credits
UNITED STATES, JUL 8 – The order aims to end taxpayer subsidies for green energy tied to foreign adversaries, tightening eligibility rules and risking a 7% drop in solar company share prices, analysts said.
- On July 7, 2025, President Donald Trump signed a directive instructing the Treasury Department to terminate federal subsidies for wind and solar energy projects in the United States.
- This order follows the 2022 Inflation Reduction Act's establishment of green energy subsidies and aims to strictly enforce their phase-out to address national security and grid reliability concerns.
- The Department of Energy reported on July 8, 2025, that shuttering reliable power plants without sufficient replacement risks increasing blackouts by 100 times by 2030, highlighting a shortfall in firm baseload capacity.
- Trump criticized the federal government for making Americans bear the financial burden of supporting costly and intermittent energy sources, which has led to reliance on foreign-controlled supply chains and unfairly impacted the public.
- The executive order signals a shift to energy addition supporting affordable, reliable sources, while clean energy advocates warn it may hinder emission reduction efforts and global competitiveness.
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Trump’s New Order Slams Brakes on Solar Industry Progress - One Green Planet
Trump’s new executive order targets solar tax credits, causing stocks to crash and adding instability to the clean energy transition. The post Trump’s New Order Slams Brakes on Solar Industry Progress appeared first on One Green Planet.
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