Senate Clean Energy Tax Credit Phaseout

Planned

Senate Republicans proposed changes to a tax bill that would phase out tax credits for clean energy and home energy efficiency more slowly than the House version, but still rapidly reduce electric vehicle incentives and other provisions supporting renewable energy projects. The bill targets tax credits for residential rooftop solar, hydrogen production subsidies, and phases out federal credits for wind and solar, while boosting support for geothermal, nuclear, and hydropower projects starting construction by 2033. It also cancels incentives for energy-efficient home improvements and moves up the timeline for ending electric vehicle tax credits.