Senate bill hastens end of wind, solar tax credits and imposes new tax

Renewables industry reels as Senate megabill unveils new excise tax

Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar

Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar  WSJ Article Attribution | Read More at Article Source The post Senate Megabill Stuns the Clean Energy Industry With New Tax on Wind and Solar – WSJ appeared first on RocketNews.

Progress update on Big Beautiful Bill: WaPo: ‘Senate tax bill seeks to gut clean energy; Musk calls it ‘utterly insane’ – Dem Sen. Ron Wyden laments bill is a ‘death sentence’ for wind, solar… an ‘outright massacre’

Best headline: “Senate tax bill seeks to gut clean energy; [Major subsidy seeker] calls it ‘utterly insane'”. 1/ pic.twitter.com/pZ2xXQL4D8 — Steve Milloy (@JunkScience) June 29, …

Senate bill hastens end of wind, solar tax credits and imposes new tax

The latest version of the Senate's massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects for the first time, renewable energy proponents said on Saturday.

‘Kill shot’: GOP megabill targets solar, wind projects with new tax

Updated Senate bill slashes wind and solar incentives – and adds a new tax

An updated draft of the Senate’s megabill text slashes tax incentives for wind and solar energy – and adds a new tax on future wind and solar projects. The initial draft released by Senate Republicans earlier this month cut the credit for any wind and solar projects that did not “begin construction” by certain dates, while the latest version bases incentives on when projects actually begin producing electricity — a much higher bar to clear. The …