Senate GOP Targets Solar, Spares Nuclear and Geothermal

Senate GOP bill slashes solar tax credits but preserves support for nuclear, geothermal, and hydropower in new energy policy shift.
Matilda
Senate GOP Targets Solar, Spares Nuclear and Geothermal
Senate GOP Energy Bill Shakes Up Clean Energy Incentives The Senate GOP energy bill introduced this week signals a major shift in how clean energy will be supported in the United States. While the Inflation Reduction Act (IRA) provided broad incentives for various renewable sources, the latest Senate proposal picks winners and losers among clean technologies. The bill specifically cuts support for solar, wind, and hydrogen while maintaining or even extending tax benefits for nuclear, geothermal, hydropower, and long-duration energy storage. Homeowners and businesses relying on solar incentives may face steep declines in support, sparking concern among climate advocates and energy startups.                                 Image Credits:Getty Images Solar and Wind Lose Ground Under Senate GOP Energy Bill One of the most immediate impacts of the Senate GOP energy bill is on solar energy. The bill proposes a 180-day window for homeowners to claim existing solar tax credits after the bill is s…