How the OBBB Will Affect Solar Companies
Senate Passes OBBB, Scales Back Solar Tax CreditsWhat’s newOn July 3rd, the House passed the One Big, Beautiful Bill into law 218-214, after Speaker of the House Mike Johnson managed to flip several holdouts. The new bill removes a proposed 50% excise tax on solar projects using FEOC components, but locks in phase-outs of the ITC/PTC. What the bill changes for 48E and 45Y (Commercial and utility-scale): * Commercial and utility-scale projects that break ground within one year of the bill’s enactment can still claim the full credit if they are placed in service by December 31st, 2027, but FEOC…
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