Earlier this month, the Donald Trump administration in the US announced a policy that is going to make it harder for solar and other clean energy projects to reap the benefits of federal tax credits, reported Politico.
The changes did not go as far as some experts in the clean energy industry had feared. But the decision is going to undo a long period of existing practice, defining the time a project has started construction – a key metric that spells out if someone can claim tax credits.
It has been reported that the Treasury’s actions are aimed at fulfilling pledges President Donald Trump made to House conservatives in order to secure their backing for the significant spending and tax bill he signed last month.
Trump’s ‘Big Beautiful Bill’ enacted trillions in tax breaks
Nonetheless, the Trump administration’s deepening focus on clean energy projects has attracted a lot of pushback from centrist Republicans and GOP decision-makers. Take Senators Chuck Grassley and John Curtis, as examples.
These Senators placed holds on three of Trump’s Treasury nominees after failing to get assurance on the latest tax credit guidance. The recent announcement concerning clean energy is less restrictive than some people had feared. But it is still significant.
President Trump’s ‘Big Beautiful Bill’ enacted trillions in tax breaks, according to CNBC. There is a possibility of some residents of certain states and counties seeing bigger benefits, too. In 2026, taxpayers are expected to save an average of $3,752, as per a recent analysis.
