The announced investments of nearly $46 billion are at stake, along with jobs, the continued buildout of gigawatts of new solar and lower energy costs, all the while ceding the AI race to China, said industry leaders.
The One Big Beautiful Bill cuts the investment tax credit by 2028, the 25D residential solar tax credit by the end of the year, among other sweeping changes.
pv magazine USA spoke with Solar Insure’s Dean Chiaravallotti who shared his thoughts on ways in which solar businesses can adapt, innovate and be strategic.
The Senate has an opportunity to “restore commonsense” and protect taxpayers, the letter states, calling on amendments to the bill that will unleash “the potential of U.S. energy producers, manufacturers, and workers.”
The industry is expected to support over 500,000 jobs by 2030, though disruptive policy could crush that growth, said a report from the American Clean Power Association.
Meeting the proposed operational deadline coupled with permitting delays and supply chain challenges means developers would have to rush to start and finish projects in 3.5 years. Cleanview quantifies the enormous amount of clean energy capacity at risk.
Repealing energy incentives through the reconciliation bill could lead to hundreds of thousands of loss jobs, higher energy bills and hundreds of lost factory investments across the country, an analysis released by the Solar Energy Industries Association found.
Over 10,000 announced jobs have been cancelled, with more losses expected if the “Big, Beautiful Bill” passes the Senate as written, said E2.
Projects can maintain tax credit eligibility if 5% of total capital expenditure is incurred before legislative changes take effect.
Tor Valenza asks all 275,000 solar workers (plus all other clean energy workers) to take five minutes a day to call their senators and ask them to preserve all clean energy tax credits in the Inflation Reduction Act.
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