US Senate Proposal to Phase Out Solar and Wind Tax Credits by 2028: An Analysis
US Senate Proposal to Phase Out Solar and Wind Tax Credits by 2028: An Analysis A recent proposal by a Senate panel to eliminate solar and wind energy tax credits by 2028 has sent ripples through the renewable energy sector and sparked intense debate. This proposal, part of a broader tax-cut and spending bill, significantly accelerates the timeline established by the 2022 Inflation Reduction Act, which originally planned a phase-out starting in 2032. The bill suggests a 20% annual reduction…