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mahatmakanejeeves

(65,891 posts)
Wed Jul 2, 2025, 08:51 PM Jul 2

In a big bill that hurts clean energy, residential solar likely to get hit fast

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In a big bill that hurts clean energy, residential solar likely to get hit fast

Republicans in Congress have advanced a bill cutting clean energy tax credits, and the industry is bracing for the impacts. (AP Video by Allen Breed. Produced by Julián Trejo Bax)

BY MICHAEL PHILLIS
Updated 4:38 PM EDT, July 2, 2025

WASHINGTON (AP) — As Republicans in Congress rushed forward with a massive tax and spending cut bill, a North Carolina renewable energy executive wrote to his 190 employees with a warning: Deep cuts to clean energy tax credits were going to hurt.

“(The changes) would almost certainly include the loss of jobs on our team,” wrote Will Etheridge, CEO of Southern Energy Management in Raleigh. “I’m telling you that because you deserve transparency and the truth — even if that truth is uncomfortable.”

The bill now in the House takes an ax to clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year that the Biden administration’s Inflation Reduction Act had extended into the next decade. Trump has called the clean energy tax credits in the climate law part of a “green new scam” that improperly shifts taxpayer subsidies to help the “globalist climate agenda” and energy sources like wind and solar.

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In a big bill that hurts clean energy, residential solar likely to get hit fast (Original Post) mahatmakanejeeves Jul 2 OP
Residential solar credits are a subsidy for the wealthy. NNadir Jul 3 #1
Trump megabill gives the oil industry everything it wants and ends key support for solar and wind OKIsItJustMe Jul 3 #2
Solar is cheaper than a new car these days... Finishline42 Jul 6 #3

NNadir

(36,209 posts)
1. Residential solar credits are a subsidy for the wealthy.
Thu Jul 3, 2025, 04:59 PM
Jul 3

With home ownership largely out of reach for the middle class, one needs to be wealthy to get this benefit.

One also needs a sufficient income to care about a tax break.

It has nothing to do with the environment, although the orange asshole buys into the common perception it does. Solar energy merely entrenches the use of fossil fuels.

OKIsItJustMe

(21,508 posts)
2. Trump megabill gives the oil industry everything it wants and ends key support for solar and wind
Thu Jul 3, 2025, 07:42 PM
Jul 3
https://www.nbcnewyork.com/news/business/money-report/trump-megabill-gives-the-oil-industry-everything-it-wants-and-ends-key-support-for-solar-and-wind/6325253/
Trump megabill gives the oil industry everything it wants and ends key support for solar and wind
By Spencer Kimball, CNBC
  • The One Big Beautiful Bill Act gives the oil, gas and coal industries historic access to federal lands while ending key tax credits for solar and wind.
  • President Donald Trump has been openly hostile to renewables, slamming solar farms as "ugly as hell" in a recent interview with Fox News.
  • Trump's big domestic policy law phases out federal support for a transition to renewable power and aims to boost fossil fuel production.
President Donald Trump's One Big Beautiful Bill Act ends long-standing federal support for solar and wind power, while creating a friendly environment for oil, gas and coal production.

The House of Representatives passed Trump's megabill Thursday ahead of a White House-imposed deadline, after the Senate narrowly approved the controversial legislation Tuesday.

Trump has made his priorities on energy production clear. The U.S. will rely on oil, gas, coal and nuclear to meet its growing energy needs, the president said last weekend, bashing wind and solar power.

"I don't want windmills destroying our place," Trump told Fox News in an interview that aired June 29. "I don't want these solar things where they go for miles and they cover up a half a mountain that are ugly as hell.”

Finishline42

(1,141 posts)
3. Solar is cheaper than a new car these days...
Sun Jul 6, 2025, 09:05 AM
Jul 6

Local utility just announced rate increases of 8% for electric and 14% for gas. First increase in awhile and I'm sure it will be the last... LOL

My electric service went up 80% from 1999 to 2019. Buying solar locks in your cost for electricity. If they change net metering it will just make buying a powerwall or equivalent...

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