US EditionTrump administration to unveil tougher solar and wind subsidy rules
The revised rules aim to restrict use of safe harbors, risking a loss of 60 gigawatts of solar capacity through 2030, enough to power 10 million homes, advisory firm says.
- A Treasury Department decision due next week threatens to undermine hundreds of planned wind and solar energy projects by tightening qualification criteria for federal tax credits, as directed by the Trump administration.
- The OBBBA requires projects to start construction by July 4, 2026, or be in service by December 31, 2027, to qualify for a 30% tax credit, according to President Donald Trump and the Treasury Department.
- Data from Clean Energy Associates show stricter beginning-of-construction rules could lead to a loss of about 60 gigawatts of solar capacity through 2030, with some projects stalled and others racing to secure subsidies, Rhone Resch warned `Projects will get canceled`.
- Maine regulators fast-tracked nearly 1,600 gigawatt-hours of renewable energy, while Brian Murphy warned stricter tax credit standards will raise household energy bills, which Rhodium Group projects could increase by $78 to $192 by 2035.
- Analysts note early estimates show Trump’s megalaw could shrink new clean capacity additions by up to 62% over the next decade, as the GOP mega law phases out incentives years before 2032.
12 Articles
12 Articles
Trump Administration To Tighten Renewable Energy Tax Credits
The Trump administration is poised to introduce new rules that could make it more challenging for renewable energy companies to claim federal tax credits, potentially slowing the development of wind and solar projects across the United States. The Treasury Department is expected to revise the definition of what constitutes "under construction" for these projects, a critical factor for qualifying for subsidies. This action follows a directive fro…
Trump Admin to Unveil Tougher Solar, Wind Subsidy Rules
The Trump administration is expected as soon as Monday to take another step toward curbing the growth of renewable energy in the United States by making it harder for companies to claim federal tax subsidies for wind and solar energy.
States look to unleash clean energy while tax credits still exist
This story was originally published by Canary Media. State leaders and clean energy groups across the country are pushing to build more wind and solar projects before the window to claim federal tax credits slams shut. The new GOP mega law rapidly phases out incentives for clean energy, years before the Biden-era tax credits were set to lapse. The shortened timeline is expected to slow the construction of wind and solar projects at a moment when…
Trump's Treasury Set to Decide Fate of Hundreds of Wind, Solar Projects
(Bloomberg) — A Treasury Department decision due next week threatens to undermine the financial viability of hundreds of planned clean energy projects, adding to an escalating Trump administration campaign against wind and solar power.
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
