President Donald Trump signed an executive order on July 7 directing his administration to end federal subsidies for solar and wind energy facilities, citing their unreliability and dependence on foreign-controlled supply chains.
In his order, Trump stated that these types of renewable energy sources are expensive, compromise the nation’s electric grid, and threaten national security.
The order will enforce the One Big Beautiful Bill Act, signed into law on July 4, which effectively ends renewable energy tax credits after 2026 for projects that have not begun construction. Wind and solar projects that start construction after that must be placed in service by the end of 2027 to qualify. Under previous law, developers could have claimed a 30 percent tax credit through 2032….
Trump Signs Executive Order Targeting Solar, Wind Energy Tax Credits
