Solar and other clean energy industry members react to the passage of the “One Big, Beautiful Bill Act.”
Despite vocal bipartisan support for clean energy tax credits, House and Senate Republicans failed to adjust policies that would continue the rapid build out of domestic clean energy.
Solar industry leader warns that passage of this bill will weaken the U.S. industries that power the economy and strengthen national security.
The latest version of the Reconciliation Bill includes a 30% excise tax on solar projects if its components or intellectual property originate from entities linked to foreign adversaries—even if those projects don’t claim tax credits.
An amendment put forth by Iowa Senator Ernst seeks to extend tax credits and clarify FEOC rules.
Sen. Hickenlooper is expected to ask for a one-year extension, sunsetting the 25D tax credit after 2026.
The $25 billion annual cost of tax credits is far outweighed by the $51 billion in lower electricity bills, $12 billion in federal tax revenue, and $3.7 billion in state and local taxes, found analysis by the Solar Energy Industries Association, Brattle Group, and University of Louisiana.
An extension of 48E tax credit with the domestic content bonus levels the playing field, say Qcells’, Talon PV and SEMA execs, so U.S. manufacturers can pay off the factories that they invested in in good faith against these credits.
Energy elements of the Senate Finance Committee’s draft budget reconciliation bill would leave the tax credits of battery component factories largely untouched, but could target some foreign manufacturers as well as restricting incentives for small-scale batteries.
Residential solar is on a downturn, and things may get worse. In a shock for the industry, the latest draft of the “One Big Beautiful Bill Act” excludes residential solar lease providers from the Investment Tax Credit.
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