A U.S. Senate panel proposed on June 17, 2025, to phase out solar and wind energy tax credits by 2028, with the process potentially beginning as early as 2026. This proposal is part of revisions to President Trump's tax bill and represents a significant shift in federal support for renewable energy.
The accelerated termination of these key tax credits creates substantial financial uncertainty for solar projects and the broader clean energy sector. These incentives have been crucial drivers of growth and investment in renewable energy infrastructure across the United States.
Following the announcement, solar stocks, including First Solar, experienced a sharp decline. The prospect of diminished financial incentives earlier than expected raises concerns about future profitability and the long-term viability of new solar and wind developments.
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