From the beginning, President Trump’s One Big Beautiful Bill Act would always be bad for renewable energy sources (and American energy consumers) because it reversed the tax credits for clean energy that billions of dollars of investments have controlled technology, solar, solar, batteries and EVs.
But recent changes to the text of the bill go even further, more aggressively more gradually the current incentives for clean energy tax, and also to add a new tax on solar and wind projects. These changes will effectively kill many clean energy projects, reduce millions of jobs and raise the average American electricity accounts in every state, experts say.
The bill for the Senate is now more than 900 pages long. Put in it Long account Had been released changes on the night of 27 June that would impose a new tax on solar and wind projects. That tax would essentially be a fine on these projects that are linked to the number of materials they receive from China, or other ‘forbidden foreign entities’. That means that solar and wind products should change their supply chains drastically – a reshoring process was made more difficult without the tax stimuli of the IRA.
The bill ends the production and production tax credits for projects for projects after 2027. It would also eliminate the EV -tax credits by the end of September (under the IRA, these credits would have been set to start taking the end of 2032), and the residential Solar Bredits after this year (originally, in the Ira, in the Ira, in the Ira, in the IRA).
The new language “effectively gets both wind and solar electric delivery from the table, at a time when there is $ 300 billion in investments, and this generation is one of the only source of electricity that will help to lower the costs and keep the lights at the start of the 2030,” said the American Council in a statement.
Wind and solar energy are the fastest and cheapest, new energy sources to build, which is crucial because the demand for energy is expected to rise, partly due to the increase in data centers and energy-hungry AI systems. “Remove these from the table,” continued the ACORE statement, “not only increases the costs and takes care of the delivery shortages, it also ensures thousands of fired and factory closures.”
The Senate bill would now “make it less reliable by reducing 50% of the new capacity that would be expected to be added in the following decade,” said the Evergreen promotion, and also “hold the American EV industry.”
The North American building acts trade unions president Sean Mcgarvey said in a statement that if the bill now passes by with these changes, the “the biggest bill for killing work in the history of this country is. Simply put, it is the equivalent of ending more than 1,000 Keystone XL-Pipelijnelijnen.” The bill threatens 1.7 million building tracks and more than 3 billion working hours, for a total of $ 148 billion lost in wages and benefits.
By limiting jobs and investments in clean energy, the Senate Act would also give China another lifeline and competitive advantage in the race for global energy dominance, “McGarvey added.
Several democratic legislators also spoke about the changes. Senator Brian Shatz van Hawaii wrote in all caps on X that: “We are going to have electricity shortages because this bill kills solar energy.” Senator Martin Heinrich, from New Mexico, wrote that “it is hard to believe, but the tax language in the Senate budget law is actually worse than the original home language. A retroactive effect on energy projects in the pipeline. Brace for higher electricity accounts.”
Elon Musk criticizes the bill again and writes on X that “there is now a huge strategic error to damage solar energy/battery that will make America extremely vulnerable in the future.”
Voting about the bill in the Senate starts on 30 June. Trump aims to adopt the bill by July 4.
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