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Senate GOP tax bill could crush wind and solar power, advocates say

UNITED STATES, JUL 1 – The Senate bill phases out tax credits for wind and solar by 2027, risking 1.7 million jobs and $197 billion in wages lost by 2035, according to nonprofit Center for Climate and Energy Solutions.

  • On July 1, 2025, the U.S. Senate passed H.R. 1 'One Big Beautiful Bill Act', which phases out renewable energy tax credits, potentially hindering wind and solar development.
  • The Trump administration argued ending clean energy subsidies will pave the way for gas and nuclear, supporting fossil fuel industry expansion.
  • In a compromise approved overnight, wind and solar projects that begin within one year qualify for full credits without placement deadline; projects later must be in service by the end of 2027.
  • Research firm C2ES estimated that 2.3 million jobs could be lost, and Abigail Ross Hopper said it 'will increase electricity bills.'
  • Energy Innovation projected a 300 GW drop in electricity capacity, and the Center for American Progress said average family bills could rise by $110 next year.
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U.S. News broke the news in New York, United States on Monday, June 30, 2025.
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