Green Energy Stocks Puke As Senate Bill Targets Early End To Tax Credits
17th June 2025
Solar and renewable energy stocks crashed in premarket trading after Senate Republicans unveiled a draft of a bill that would end wind and solar tax credits by 2028, while providing incentives for other energy sources like nuclear, hydropower, and geothermal (which would extend to 2036).
According to Reuters, the draft tax bill released by Senate Finance Committee Chair Mike Crapo (R-Idaho) proposes an accelerated phaseout of clean energy subsidies established under the Biden-Harris regime’s 2022 Inflation Reduction Act. Specifically, the legislation would significantly dial back solar and wind tax credits to 60% of their original value starting in 2026, with complete elimination by 2028. Under current law, these credits are scheduled to begin phasing out in 2032, meaning the proposal would effectively shorten the incentive window.
An illustration of the fact that ‘green energy’ is merely a scheme to get leech off of the taxpayers pursuant to a political agenda.