On Tuesday, July 1, the U.S. Senate passed its budget megabill after more than a day of debate, including aggressive cutoffs for wind and solar tax credits. Following President Donald Trump’s long-standing opposition to wind energy, he reportedly pushed Senate leadership last week to accelerate the phase-out of renewable tax credits, driven by his campaign pledge to end the Inflation Reduction Act.
A new excise tax on foreign-sourced wind and solar materials, including China, was added unexpectedly, catching some GOP senators unaware and surprising some lawmakers.
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Industry advocates warn that the 2027 cutoff endangers hundreds of planned wind and solar projects despite the removal of the controversial excise tax, threatening future renewable development.
The bill advances to the House of Representatives, with Trump aiming to sign it by July 4.
