Tax credits for clean-electricity generation and manufacturing are set to vanish under a plan proposed last week by congressional Republicans. Meanwhile, lawmakers in states such as Texas and Arizona—home to some of the country’s biggest renewable-energy projects—are considering clamping down with tougher permitting and rules.
The shifting political landscape threatens to slow a booming business. Developers have built $145 billion in solar, wind and battery-storage projects since expanded federal tax credits were approved in 2022, while manufacturers have invested $73 billion in 94 factories that are now operating, according to the industry group American Clean Power.
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