Overview

• The One Big Beautiful Bill signed July 4 phases out or accelerates expiration of wind, solar, EV and home-efficiency tax credits while boosting oil, gas and coal subsidies
• On July 7, President Trump issued an executive order directing Treasury to restrict safe-harbor rules for renewable credits and Interior to remove preferential treatment for wind and solar
• The law gives federal agencies 45 days to define stricter eligibility criteria for clean energy incentives
• Clean energy stocks slid sharply July 8, with First Solar and Enphase Energy shares falling about 5% after the policy announcements
• Consumers and businesses are racing to claim remaining incentives before deadlines later this year as Minnesota faces a projected 28% rise in household energy bills and 23,000 lost clean energy jobs