Senate Cuts Wind, Solar Incentives, Keeps Tax Credits for Nuclear, Geothermal Energy

Legislation could cut clean energy tax credits

Clean energy tax credits could be at risk if the “One Big Beautiful Bill” passes as it’s currently written.

Senate cuts wind, solar incentives, keeps tax credits for nuclear, geothermal energy

Congress is set to decide the future of tax credits for energy technologies, electric vehicles and domestic manufacturing. Late on Monday, June 16, the Senate Finance Committee unveiled its changes to the "One Big, Beautiful Bill," striking a middle ground between maintaining energy tax credits and the steeper cuts passed by the U.S. House of Representatives. Congress is pursuing changes to energy tax credits to help offset the cost of renewing …

Malaysia’s Founder Group Says U.S. Solar Tax Cuts Won’t Impact Its Business – https://theindianawaaz.com/home/

“KUALA LUMPUR, Malaysia, June 20, 2025 Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, assures investors that the Company will not be impacted by a U.S. Senate panel’s proposed wind down of solar power tax credits by […]

Innovative Approaches to Harness Geothermal Energy

For centuries, humanity has extracted oil to provide energy for heating homes and illuminating streets. Nowadays, scientists are exploring alternatives in the form of renewable energy sources. One such source, Geothermal Energy, harnesses heat from the Earth to produce steam that turns turbines for electricity generation. In the transition to renewable energy, researchers are looking [...] The post Innovative Approaches to Harness Geothermal Ene…

Federaal budget would eliminate tax credits for rooftop solar panels

A federal proposal now moving through Congress could stall Michigan’s booming rooftop solar industry by ending tax credits that have fueled clean energy growth nationwide. What’s being called the “One Big Beautiful Bill Act” would eliminate the 30% credit for rooftop solar and other home energy systems, including those leased by companies. Michigan leads the nation in Inflation Reduction Act-funded projects, attracting more than $27 billion in i…