Senate leaders removed a proposed excise tax on wind and solar projects from their budget bill while shortening renewable tax credit timelines. The legislation accelerates deadlines for solar and wind credits to 2027, adds domestic sourcing requirements, and eliminates various climate programs. Republicans frame this as ending subsidies for "unreliable" energy sources despite renewable cost competitiveness.
Senate leaders removed a proposed excise tax on wind and solar projects from their budget bill while shortening renewable tax credit timelines. The legislation accelerates deadlines for solar and wind credits to 2027, adds domestic sourcing requirements, and eliminates various climate programs. Republicans frame this as ending subsidies for "unreliable" energy sources despite renewable cost competitiveness.