Senate bill cuts clean energy incentives and introduces new taxes
TL;DR Summary
The latest Senate budget bill effectively ends tax credits for wind and solar energy, introduces new taxes on projects using Chinese components, and accelerates the phase-out of clean energy manufacturing credits, prompting criticism from environmental groups and industry leaders who warn it will raise energy costs and hinder US energy and technological competitiveness.
- Senate bill hastens end of wind, solar tax credits and imposes new tax Reuters
- Inside Congress Live Politico
- Senate’s tax bill seeks to gut clean energy; Musk calls it ‘utterly insane’ The Washington Post
- Inside a Last-Ditch Battle to Save (or Kill) Clean-Energy Tax Credits The New York Times
- Updated Senate bill slashes wind and solar incentives – and adds a new tax The Hill
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