After more than a day of continuous debate, the US Senate passed its version of the budget megabill Tuesday afternoon—with potentially disastrous implications for the future of renewable energy in the country.
Among a barrage of bad news for climate initiatives, including a new tax credit for coal and the sunsetting of electric vehicle tax credits, the bill forces an aggressive cutoff for tax credits for wind and solar. The bill ends credits for projects placed in service—a term meaning, essentially, that a project is ready to provide power to the grid—after 2027, putting hundreds of planned projects around the country in jeopardy.
“This is a bill to punish renewables,” says