Trump’s Law To Cut US Clean Energy Installs 41%, BNEF Says (1)

US annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trump’s sweeping economic legislation.

Deployments will fall to 48 gigawatts in 2028 when wind and solar projects will lose eligibility for the tax incentives, according to a report Thursday from BloombergNEF. That’s compared to 81 gigawatts the prior year as developers race to complete projects before the cutoff date.

“A short path still exists for wind and solar projects to access these credits, but it will not be an easy road ahead for most developers,” analysts ...