President Trump's One Big Beautiful Bill Act undermines clean energy advancements by rolling back crucial tax incentives for renewable technologies like wind and solar. Recent adjustments to the bill further endanger these initiatives by imposing a new tax on solar and wind projects based on foreign material sourcing. This could lead to the termination of vital tax credits for clean energy production and manufacturing by 2027, severely impacting investments and increasing electricity costs for Americans across the nation, as expressed by industry experts.
The recent changes to the One Big Beautiful Bill Act threaten clean energy projects by phasing out tax incentives and imposing new levies on solar and wind developments.
The bill's text now includes a tax on solar and wind projects, penalizing them for materials sourced from China and hampering the transition to clean energy.
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