US EditionTrump directs Treasury to limit wind and solar tax credits
UNITED STATES, JUL 08 – The executive order aims to phase out wind and solar tax credits rapidly, citing national security risks and potential grid reliability issues, with enforcement required within 45 days.
- On July 7, Trump signed an executive order instructing the Treasury to tighten restrictions and enforce termination of energy tax credits under sections 45Y and 48E.
- Trump's criticism of wind and solar as expensive and subsidy-dependent followed the One Big Beautiful Bill Act's prior incentive reductions, which the executive order enforces and tightens.
- Treasury Secretary Scott Bessent is directed to more strictly define 'beginning of construction', narrow safe harbors and enforce FEOC restrictions on foreign-linked renewable projects.
- The executive order prompted a selloff in solar stocks, with First Solar and Enphase Energy dropping as much as 5%.
56 Articles
56 Articles
Trump Cancels Wind and Solar Subsidies - Canada's Net Zero Policies are Economic Suicide says Friends of Science Society
/PRNewswire/ -- On July 07, 2025, President Trump issued an Executive Order ending subsidies for wind and solar, but Canada appears to be going in the opposite...
Trump’s crackdown on renewable energy has just begun - The Washington Post
Trump’s crackdown on renewable energy has just begun The Washington Post Article Attribution | Read More at Article Source The post Trump’s crackdown on renewable energy has just begun – The Washington Post appeared first on RocketNews.
Congress is killing clean energy tax credits. Here's how to use them before they disappear.
The “one big beautiful bill” that President Donald Trump signed on July 4 is set to upend many aspects of American life, including climate policy. The law, which Republicans backed en-masse, not only derails the nation’s efforts to reduce greenhouse gas emissions, it could also strike a blow to consumers’ pocketbooks. From a climate perspective, the legislation’s most significant rollbacks are aimed at industries, such as renewable energy, not i…
'This isn’t a bureaucratic misstep': Dems blast DOE secretary for funding shift
Two Democratic lawmakers lashed out at Department of Energy Secretary Chris Wright on Tuesday after seeing the latest version of his department's budget. The latest DOE budget calls for significant funding reductions to wind, solar, and electric vehicles, Politico reported. That decision stands in contrast to a law President Donald Trump signed in March requiring all federal funding levels to be kept the same as the previous fiscal year. Sen. Pa…
President Donald Trump has already begun to deliver on one of the key promises he agreed with Republicans in the ‘Big, Beautiful Bill’ law: ending green energy subsidies.Read more]]>
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