If only the timeline was an immediate end to tax credits.
Reuters (6/16/25) reports: "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, according to a draft bill circulated on Monday. The draft bill, part of a sprawling Republican budget package, made several changes that clean energy advocates pressed for to a bill passed in the House last month. But industry representatives said the text did not go far enough to preserve their sector's key incentives. The language released by the committee chair, Republican Senator Mike Crapo, envisages phasing out subsidies enshrined by the Biden-era 2022 Inflation Reduction Act for solar and wind in 2026 by reducing the incentive to 60% of its value and ending it by 2028. Under current law, the tax credits would not start phasing out until 2032. In a change from the House bill, the Senate would grant 100% of the credit to hydropower, nuclear and geothermal facilities until 2033, then phase it out to zero by 2036, according to the draft."
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"… fewer renewable energy resources in the ERCOT region could mean higher electricity bills, a less reliable power grid and a slowing of the transition to cleaner forms of energy."
– Claire Hao, Houston Chronicle
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