Overview

• The One Big Beautiful Bill Act phases out clean energy tax credits by the end of 2027 and expands oil and gas leases and tax breaks on federal lands.
• President Trump’s executive order directs the Treasury to restrict safe-harbor provisions and curb manipulated start-of-construction claims for wind and solar projects.
• The Interior Department has been instructed to eliminate any policies that preferentially benefit renewable developments on public lands and waters.
• Shares of Enphase Energy, First Solar, NextEra Energy and other clean-energy firms plunged up to 5% after the White House announced the tighter eligibility rules.
• Energy experts warn that rolling back renewables subsidies could raise consumer utility bills, deter private clean-energy investment and slow capacity growth.