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US Senate budget bill proposal keeps cuts to solar, wind incentives
UNITED STATES, JUN 17 – The US Senate Finance Committee aims to end solar and wind tax credits by 2028 while extending incentives for hydropower, nuclear, and geothermal energy through 2036, risking 3.8 million job years, SEIA said.
- The U.S. residential solar industry is lobbying to preserve incentives that support jobs, lower utility bills, and strengthen America’s energy security, as they are currently under threat from a Senate budget proposal.
- Investors express cautious optimism, suggesting the current proposal is not the worst outcome, even though the phase-out of solar and wind incentives is concerning.
- Climate tech investor Susan Su stated that the Senate's support for the cuts signals danger for solar and wind projects and represents a sizable setback for environmental goals.
13 Articles
13 Articles
It Could Have Been So Much Worse for Climate Tech
When I reached out to climate tech investors on Tuesday to gauge their reaction to the Senate’s proposed overhaul of the clean energy tax credits, I thought I might get a standard dose of can-do investor optimism. Though the proposal from the Senate Finance committee would cut tax credits for wind and solar, it would preserve them for other sources of clean energy, such as geothermal, nuclear, and batteries — areas of significant focus and inves…
Health care isn't the only casualty of the MAGA budget — Solar energy is on the chopping block.
The U.S. residential solar industry is in D.C. right now, fighting for its future. They’re lobbying to preserve sensible incentives that support jobs, lower utility bills, and strengthen America’s energy security. They could use a hand—especially from...
The Epoch Times
Proposed Senate Budget Advances House’s Sweeping ‘Green Energy’ Cuts
The first Senate adaptation of President Donald Trump’s “big beautiful” Fiscal Year 2026 budget bill retains the wholesale slashes and clawbacks in “green energy” allocations adopted by the House when it passed its version of the spending plan by a single vote on May 22. Although some timelines are extended, the draft budget released on June 16 by the Senate Finance Committee largely replicates the House’s terminations of individual tax credits …
Colorado Springs Gazette
C3 SolutionsUS Senate budget bill proposal keeps cuts to solar, wind incentives
By Valerie Volcovici and Nichola Groom
The Senate makes some improvements, but our defense work continues
The Senate makes some improvements, but our defense work continues By Flannery Winchester On Monday, the Senate Finance Committee released its portion of the big budget bill that’s working its way through Congress. After the House passed a version of this bill that drastically cuts America’s clean energy tax credits, we’ve been pushing hard on the Senate — and the Senate Finance Committee in particular — to do a better job protecting these impo…
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