US EditionMegabill’s Elimination of Tax Credits for Clean Energy Projects Could Cost WA $8.7 Billion
UNITED STATES, JUL 7 – The legislation ends electric vehicle tax credits and phases out renewable energy incentives, risking 770,000 jobs by 2030 and increasing household energy costs, according to the Clean Air Council.
- On July 4, 2025, President Donald Trump signed the One Big Beautiful Bill Act, rolling back key clean energy incentives from the Inflation Reduction Act.
- On July 4, 2025, Trump signed the bill reversing clean energy incentives, reflecting his pledge to support fossil fuels and align with Republican priorities for nuclear and coal sectors.
- Following the signing, clean energy advocates warn that investment delays and job losses could reach thousands as most incentives end by 2028.
- Experts warn that many new factories may shut down, thousands could lose jobs, and the U.S. will remain heavily reliant on fossil fuels as electricity demand is projected to increase by 50% by 2040.
107 Articles
107 Articles
The race to build solar and wind before Trump's tax credit deadline
This story originally appeared in New York Focus, a nonprofit news publication investigating power in New York. Sign up for their newsletter here. As negotiations over President Donald Trump’s “Big Beautiful Bill” came down to the wire last week, renewable energy developers were holding their breath. Until the eleventh hour, it looked like Congress was ready to make good on Trump’s promise of “terminating” key subsidies for wind and solar virtua…
How Trump’s megabill could slow AI progress in US
The elimination of federal renewable energy tax credits in Trump’s One Big Beautiful Bill Act has major implications for the global AI race.Ultimately, the shift means slowing down US progress on new energy production, which is key to winning the technology Cold War with China. There is no possible way tech companies can power the massive rollout of AI factories without solar, and now it will be that much more expensive.But the attempt to throw …
How to Use Clean Energy Tax Credits Before Congress Kills Them
This story was originally published by Grist. Sign up for Grist’s weekly newsletter here. The “one big beautiful bill” that President Donald Trump signed into law 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, th…
Megabill triggers uncertainty for solar and wind power developers
Developers of solar and wind energy projects have just 12 months to begin construction in order to retain key federal tax credits, following the passage of a new law backed by congressional Republicans and signed by President Trump.Jeff St. John reports for Canary Media.In short:The new law shortens the timeline for solar and wind projects to qualify for federal tax credits, forcing developers to either break ground by July 2026 or risk losing b…
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