Particle.news
Download on the App Store
10 ARTICLES
·
last mo.

Senate Advances Trump’s Bill Phasing Out Clean Energy Credits And Taxing Chinese Components

Lawmakers aim to curb reliance on Chinese supply chains by ending key solar and wind incentives after 2027

Image
Image
Visitors to the U.S. Capitol rest in the shade on Capitol Hill in Washington, D.C., U.S., June 25, 2025. REUTERS/Nathan Howard/File Photo
The U.S. Capitol building is pictured on Capitol Hill in Washington, U.S., November 27, 2019. REUTERS/Loren Elliott/File Photo

Overview

  • The Senate voted June 30 to advance President Trump’s sweeping tax-and-spending bill that phases out investment and production tax credits for solar and wind projects placed in service after 2027.
  • The legislation introduces a new levy on renewable energy projects using components manufactured in China unless developers can certify a domestic supply chain.
  • Tax credits for third-party solar leasing arrangements remain intact through the end of 2027, offering a reprieve to rooftop installers.
  • Renewable energy stocks saw mixed early Monday trading, with First Solar and Sunrun climbing on leasing credit rollovers and NextEra Energy sliding on subsidy cuts.
  • Business and labor groups including the U.S. Chamber of Commerce and North America’s Building Trades Unions warned the rollbacks threaten jobs, raise power prices and weaken U.S. energy security.