Senate version of Trump's "big, beautiful bill" would pummel renewable energy industry with new tax
CBSN
The latest version of the bill containing President Trump's second term agenda would hobble the renewable energy industry with a new excise tax, in addition to speeding up the sunsetting of tax credits and other benefits.
The additional tax on wind and solar projects, which appeared on page 558 in the version of the bill released over the weekend, is estimated to increase consumer energy prices 8% to 10% and would tax clean energy businesses an additional $4-$7 billion by 2036, according to an analysis by the American Clean Power Association.
The tax would apply to all projects that go into construction after June 16 through 2036, and it would also apply to projects that are placed into service after 2027, even if they already are under construction.
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