How can the United States clean energy can calm down if Trump’s “major and beautiful bill” becomes a law

Executive Managers of the solar power believe that the billions they have invested in the Republican Congress areas Protect their industry From President Donald Trump’s threats to end federal support for renewable energy.

But they may have been disastrously wrong. The tax bill that the Republican House of Representatives This week passed Analysts at the Investment Bank told Jeffrez “worse than the scary scenario.”

The legislation will end the main tax credits that supported the growth of industry, which leads to a wide offer Solar sales Thursday. The draft law still has to pass the Senate, as Jeffrez expects to retreat from “non -applicable” provisions.

But in its current form, the “Hamphammer” tax is actually taking the law of reducing inflation, President Joe Biden. Legislation “raising an economic boom in this country that presented a date The American Renaissance“Abeel Ross Hopper, CEO of the Lobby Group Solar Energy Industries Association.

The tax voltage disturbed the “deliberately ignorant” of the role played by solar energy and storing batteries in meeting the demand for electricity from consumers and American companies.

“If the bill becomes this law, America will actually surrender to the artificial intelligence race to China and societies throughout the country, it will face the power outages.”

Sunrun In an interview on Thursday, I told CEO Mary Powle that the legislation could lead to a loss of 250,000 jobs and will increase the cost of electricity to consumers. The solar installation device on the surface achieved its worst performance ever on Thursday, as the shares decreased by 37 %.

On his part, Trump called on the Senate to pass what he calls a “large and beautiful bill” as soon as possible. “There is no time to waste,” the president said on the social media platform. Social truth Thursday.

Companies have invested more than 161 billion dollars in solar energy storage projects and large batteries since the Irish Republican Army has passed in 2022, according to what he said. Massachusetts Institute of Technology and the Rhodium Group.

Solar and batteries storage is the fastest energy source in the United States, and constitutes 81 % of the expected energy additions to the network in 2025, according to Energy Information Management.

But the tax bill will mainly kill the tax credits that were distributed more to enable the increase in solar energy. It ends the investment and electricity production credits for clean energy facilities that begin to build 60 days After the enactment of legislation Or enter the service after 2028. This also applies to wind energy, which grows in a slower place in the United States

“This will put a huge slowdown on the amount of clean energy that is added to the network,” said Bin Smith, Assistant Director for Power and Climate at Rhodium Group. The spread of clean energy to the network may decrease by 57 % to 72 % over the next decade. According to Rodium.

Clean energy projects cannot also claim tax credit early next year if they receive “material assistance” from banned foreign entities. King said that this mostly targets projects that issue basic materials from China, such as glass of solar panels or cobalt and lithium for batteries.

“It really serves our appreciation as an actual cancellation of credit early next year,” he said. Manufacturing tax credit that supported companies like The first sun He is still in place until 2031, although it is also subject to the restrictions of the foreign entity.

Joseph Usha, a Goguheim analyst, said the tax bill is “catastrophic” for the solar energy industry on the surface. It ends the tax credits of companies such as Sunrun that rent solar energy equipment for customers. OSHA said about 70 % of the solar solar industry uses rental arrangements.

“I expect that to change,” said Capito Politico On May 13. “There has been creating job opportunities on these tax credits.”

In fact, the Republican Party Congress will reach the most difficult if the credits are terminated. About 81 % of the Irish Republican Army investments went to the republican provinces, according to data from the E2.

A slowdown in solar publishing will come at the same time as the demand for electricity increases due to the construction of artificial intelligence data centers, the broader industrial and electricity materials for the economy.

Renewable energy sources can be deployed more quickly to meet the demand at the present time because solar energy and battery storage and winds represent 92 % of energy projects awaiting connection to the network, according to Interconnection.fyiOrganization for communication requests.

Red Ramsheng, an analyst at Rystad Energy Consulting, said that the demand for natural gas is also increasing in the United States, but the time of waiting for the new turbines is from five to six years if an order is now presented. Although growth may slow, solar energy and batteries will continue to spread it because there is no alternative.

“The request is for energy,” he said. “The gas is unable to meet this demand in the short term. The biggest alternative to the generation of gas that we will need in the next two years is renewable energy sources.”