House passes Trump's 'big beautiful' tax bill
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Solar stocks plummet
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Solar stocks rebound Friday after suffering crushing losses in the previous session that followed the House of Representatives' passage of President Trump's tax and spending package that analysts say would effectively end the U.
The new administration wants to limit or roll back tax credits for home energy equipment -- which could cost you money and change your plans.
Shares of solar stocks, including rooftop solar provider Sunrun (NASDAQ: RUN), renewables-focused utility NextEra Energy (NYSE: NEE), and renewable power provider AES Corp. (NYSE: AES), plunged on Thursday,
For anyone who can afford to go solar, "now would be the time" because House Republicans want to end federal tax credits that make it affordable.
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The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while eliminating similar perks for solar, wind, and storage.
The local solar industry is bracing for the potential impact of a new mandate where the price for solar could go up 30% should tax credits get wiped from current clean energy incentives, according to
Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House early Thursday, driving down shares of solar companies.
This reduction could mean higher monthly power bills for solar generators, diminishing the value of their investment and lengthening their return on investment timeline. Consequen