US EditionTrump directs Treasury to limit wind and solar tax credits
UNITED STATES, JUL 08 – The phase-out aims to reduce taxpayer costs and national security risks from foreign supply chains, with experts warning it could cut clean energy deployment by 40% and cost 760,000 jobs by 2030.
- President Donald Trump issued an executive order restricting wind and solar tax credits, impacting renewable energy subsidies nationwide, as part of efforts to limit green energy support.
- The White House fact sheet warned reliance on “green” subsidies threatens national security, citing dependence on foreign supply chains, including China.
- The order requires implementing enhanced Foreign Entity of Concern restrictions from the budget law, projects starting construction within the next year, and narrows safe harbours.
- The Department of the Interior is directed to review and potentially roll back any preferential policies for wind and solar, and last week issued a review memo outlining new procedures.
- The Treasury must issue guidance next month, and projects must begin construction by July 4, 2026, to qualify, as outlined in Trump’s executive order.
68 Articles
68 Articles
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.
Sen. Murkowski, feeling ‘cheated’ by Trump actions against wind and solar, says she’ll go to bat for Alaska projects
Murkowski won a concession in the Big, Beautiful Bill to protect tax credits for 12 months for wind and solar. But she said a recent presidential order and Interior directive undercut those plans.
Earth Matters: Axing IRA energy credits epitomizes dumb; Sen. Whitehouse gives 300th climate speech
Cross-posted from The Journal of Uncharted Blue Places. Even if it’s just the ketamine talking, Elon Musk is right about one thing. Donald Trump’s crusade to kill further expansion of renewable energy sources is insane. For three decades environmental...
Trump’s ‘Big Beautiful Bill’ creates economic obstacle for renewable energy in Wyoming, observers say
Wyoming’s top politicians have heaped praise on President Donald Trump’s “Big Beautiful Bill” for giving the state’s flagging fossil fuel industries a boost. They’ve also taken swipes at past congressional efforts to support wind and solar — the cheapest and fastest-growing energy sector in the nation, including in the Equality State, federal data shows. While promoting coal, oil and natural gas via tax breaks, the bill includes several punishin…
Trump’s Crackdown on Renewable Energy Has Just Begun
President Donald Trump issued an executive order Monday evening ordering his administration to crack down on remaining loopholes allowing access to renewable energy tax breaks, after Congress voted last week to overwhelmingly roll back the subsidies.
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