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Updated US Senate Budget Bill Wants to End Solar, Wind Incentives From 2028

The bill also proposes a new tax for projects receiving material assistance from prohibited foreign entities

July 1, 2025

/ Arjun Joshi
/ Markets & Policy, Renewable Energy
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The United States Senate has released an updated draft of the budget reconciliation proposal, eliminating the Clean Electricity Investment Credit under Section 48E and the Clean Electricity Production Credit under Section 45Y for solar and wind power projects that begin generating electricity after December 31, 2027.

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Arjun Joshi

More articles from Arjun Joshi.
Budget Reconciliation BillIRAtax creditsU.S.
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