Overview

• The Senate faces a July 4 deadline to pass a GOP reconciliation bill that would end key solar and clean energy tax credits four years early and impose a 60-day construction-start requirement.
• Tesla Energy warned in a May 29 X post that an abrupt repeal risks U.S. grid reliability and energy independence and urged a sensible wind down of Sections 25D and 48E credits.
• E2 analysis shows more than $14 billion in clean energy investments have been canceled or delayed this year, costing about 10,000 jobs over concerns about future incentives.
• The House-passed measure preserves oil and gas incentives, prompting criticism from Elon Musk and some Republicans who say it unfairly targets EV and solar projects.
• Tesla’s energy division, which saw revenue jump 67% to $2.7 billion in the first quarter, could see annual deployment of about 60 gigawatts stall if tax credits end early.