SEIA Estimates Budget Bill Could Wipe Out Almost 300K Clean Energy Jobs

SEIA estimates budget bill could wipe out almost 300K clean energy jobs

Legislation that passed the House Budget Committee could jeopardize 287 U.S. solar and storage factories, says the Solar Energy Industries Association.

The proposed budget could deter the development of renewable energy projects in the U.S. and lead to a setback in national manufacturing, says Wood Mackenzie’s analyst. The Budget Committee of the U.S. House of Representatives approved the draft budget reconciliation bill proposed by the Media and Arbitrians Committee that extinguishes the 48E Investment Tax Credit and the 45Y Production Tax Credit for clean energy projects several years ahead o…

US bill poses challenges to renewable energy industry

Proposed US budget could deter renewable energy development and weaken domestic manufacturing by phasing out key clean energy tax credits early, says a Wood Mackenzie analyst.From pv magazine USA The US House of Representatives’ Budget Committee has approved the Ways and Means Committee’s proposed budget reconciliation bill that sunsets the 48E Investment Tax Credit and the 45Y Production Tax Credit for clean energy projects several years ahead …