The legislation proposed by Donald Trump eliminates federal tax incentives for solar and wind projects in New York starting in 2027. It also abolishes tax credits for electric vehicle purchases and residential energy efficiency upgrades. Environmental advocates view this legislation as a significant obstruction to New York's efforts to develop a green economy. Experts warn that the bill could severely undermine the state's clean energy initiatives. The provisions targeting environmental tax incentives align with Trump's long-standing criticism of renewable energy sources.
Starting in 2027, the legislation would get rid of Biden-era federal tax incentives that made it more affordable for companies to generate clean energy out of solar and wind projects in New York.
Environmental advocates see the bill as yet another roadblock imposed by the Trump administration to stall the state's attempts to build out its green economy.
This bill could blow a hole through the heart of [New York's] clean energy economy, said Robert Freudenberg, vice president of the Regional Plan Association's energy and environmental programs.
But it also includes provisions to get rid of environmental tax incentives specifically targeted at the wind and solar industry, which the president has repeatedly expressed a personal disdain for.
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