Senate, Solar and tax credits
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The Senate’s tax bill would boost baseload electricity — including nuclear and geothermal power — while slashing incentives for intermittent sources.
A Senate tax package softens some blows imposed on renewables by a House version of the bill. But it still terminates many credits for clean power.
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 proposal would salvage some clean-energy tax credits and phase out others more slowly, making up some of the cost by imposing deeper cuts to Medicaid than the House-passed bill would.
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.