The solar industry is disappointed: After months of lobbying Congress to preserve clean energy tax credits for solar power, the “One Big Beautiful Bill Act,” which President Trump signed last month, phases out tax credits for investment in and production of solar power. The 2022 Inflation Reduction Act granted subsidies for solar projects that started construction before 2033. Under Trump’s budget bill, those credits will only be available for projects that commence construction within the next year or are in service before the end of 2027. Brendan Bell, COO and managing director of clean energy firm Aligned Climate Capital, told Tech Brew that the policy changes are bad for the climate and the US economy. “All of the manufacturing that had come to the US to support these new rules—which was creating jobs in places that haven’t had jobs in a long time, creating an economic industrial base here in the US—that’s gone,” he said. “If there’s anything that is most disastrous about this, it is, there is no longer a reason to have a solar manufacturing plant in the United States.” Keep reading here.—TC |