U.S. Solar Developers Rush Projects Before Tax Credit Cutoff
As the deadline for renewable energy tax credits approaches, U.S. solar developers are securing subsidies to nearly double current capacity before a July 4 cutoff under President Donald Trump's policies. The phaseout of these long-standing incentives is expected to raise wind and solar contract prices by up to 50%, with some Texas deals already seeing increases as high as 120%.
Topics: energy_costs federal_subsidies renewable_energy solar_power