Reported about 11 hours ago
The latest Senate version of the tax package under President Trump proposes a shorter phase-out for key tax incentives for wind and solar projects, requiring them to be operational by the end of 2027, instead of just starting construction by 2025. This change follows criticisms of the Inflation Reduction Act and could significantly impact developers like NextEra Energy with numerous projects reliant on the previous timeline. While some tax credits for clean energy production are preserved, the overall sentiment among solar industry advocates is negative, predicting higher energy prices and a detrimental economic impact.
Source: YAHOO