An early proposal from House Republicans regarding a new spending bill on May 13, 2025, indicated a less severe impact on renewable energy tax credits than previously feared. The proposal suggests preserving solar and wind credits through 2028 before a gradual phase-down.
This development represents a compromise compared to earlier concerns that key clean energy credits might be terminated immediately or on a much stricter timeline. The softened approach provides a degree of relief and increased stability for the solar industry.
For First Solar, this means a potentially more predictable policy environment for its U.S. manufacturing and project development. The ability to rely on these credits for a longer period can support continued investment and growth in the domestic solar market.
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