The Congressional budget negotiations, particularly the "One Big Beautiful Bill" (OBBB), could severely impede the energy industry by phasing out the vital 30% Investment Tax Credit (ITC) for homeowners and businesses. This drastic measure threatens to destabilize the solar sector just as demand is surging, contributing to a potential loss of 330,000 jobs and numerous factories. The short timeframe for incentive reduction complicates project viability and discourages long-term investments in renewable energy, posing significant risks to energy resilience and economic stability.
Without a more structured, longer-term phase-down timeline, developers, manufacturers, and installers will scramble to meet tight deadlines and face a massive drop in demand shortly thereafter.
The OBBB's abrupt repeal would cause severe and immediate harm. It could even destabilize the entire American solar industry.
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