Republican Tax Bill Slashes Clean Energy Credits, Threatening Jobs and Industry Stability
The Republican-led tax and spending bill aggressively cuts clean energy tax credits, including the critical residential solar credit, jeopardizing thousands of jobs and undermining a growing sector fueled by previous federal incentives.
As Republicans in Congress push forward a sweeping tax and spending bill, the harsh reality is setting in for clean energy workers and businesses nationwide. North Carolina’s Southern Energy Management CEO Will Etheridge has candidly warned his employees about looming job losses directly tied to deep cuts in renewable energy tax credits.The legislation targets the cornerstone of the Biden administration’s climate agenda: the 30% tax credit that has fueled an explosion of rooftop residential solar installations. Set to expire by year-end under this new GOP proposal, this cut threatens not only the growth of green energy but also the livelihoods...
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