Overview
- The House-approved budget measure repeals the 30% solar tax credit for leasing firms and homeowners with owned rooftop systems.
- Wood Mackenzie projects a potential 40% decline in U.S. residential solar capacity installations over the next five years without these subsidies.
- The bill targets leased systems while omitting power purchase agreements, a model used by roughly 44% of residential solar customers.
- Over 5 million American homes currently rely on solar panels, a sector that bolstered domestic equipment sourcing and clean energy employment.
- Solar companies are intensifying lobbying efforts in the Senate to restore credits, even as Republican backers argue the cuts will free funds for other priorities.