On May 20, 2025, reports indicated that conservative Republican lawmakers secured a commitment from House leadership to end key clean-energy tax credits earlier than planned. This development is part of a deal aimed at advancing President Donald Trump’s tax and spending package.
South Carolina Representative Ralph Norman confirmed that House leadership agreed to a proposal to accelerate the phase-out of Inflation Reduction Act (IRA) tax credits. This move could significantly impact the economics of solar projects across the United States.
For companies like FTC Solar, which operates in the utility-scale solar market, changes to tax credit eligibility create regulatory uncertainty and potential cost pressures. Such policy shifts can affect customer project planning and investment decisions, posing a challenge to the industry's growth trajectory.
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