Senate, Solar and tax bill
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The Senate’s tax bill would boost baseload electricity — including nuclear and geothermal power — while slashing incentives for intermittent sources.
The Senate Finance Committee’s language would take a sledgehammer to some parts of the renewable-friendly Inflation Reduction Act while sparing others.
A U.S. Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump's administration,
Senate Finance Committee unveils its proposed changes to the House-passed version of Trump's "big, beautiful bill," which could put the two chambers on collision course.
The Senate Finance Committee version of the Republicans’ budget megabill would delay the end of some tax incentives from the Democrats’ climate law, according to text released
The Senate’s version of the “big beautiful bill” includes changes to green energy tax credits that are more flexible than those passed by the House — but would still be a significant rollback.
The ‘big, beautiful bill’ effectively kills the tax incentives that are keeping solar customers’ monthly energy bills so low.
Solar has been the fastest growing source of electricity in the U.S. Proposed federal cuts to tax credits could halt that progress.