Republicans in Congress are advancing a bill that significantly cuts clean energy tax credits. This includes the termination of a 30% tax credit for residential solar energy developed under the Inflation Reduction Act. Will Etheridge, CEO of Southern Energy Management, informed his employees about the potential negative impacts, including job losses. Analysts and industry leaders agree that the proposed cuts will reverse the growth of the clean energy sector and negatively impact employment in the residential solar industry, which could face severe challenges under the new bill.
Deep cuts to clean energy tax credits were going to hurt. The changes would almost certainly include the loss of jobs on our team.
The bill now in the House takes an ax to clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year.
Businesses and analysts say the GOP-backed bill will likely reverse the sector's growth and eliminate jobs. The residential solar industry is going to be absolutely creamed by this.
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