Solar Subsidy Deadline Hits

Spokane News Today | 2 Min | The Daily News Now! · Jun 27, 2026 · 1m

Solar developers raced against time to secure federal tax credits before July 4th, locking in subsidies that covered at least 30% of project costs — a move that could nearly double U.S. solar capacity. With those credits now gone, energy prices in Texas have already spiked 120% amid soaring AI-driven demand, while the Trump administration pushes fossil fuels despite supply chain snags. Over 200 gigawatts of solar projects are now secured, leaving latecomers facing steep cost hikes — but developers argue solar and wind remain the cheapest energy sources, and rising electricity prices could…