On July 1, the US Senate approved his version of the Budget Reconciliation Bill Goed with vice-president JD Vance who released the tie-breaking mood. The final version removed according to a new 50% excise duty on solar projects using components associated with China, according to Politics.
Politics Also reports that the final version makes solar and wind projects on Utility scale possible that start less than a year after the account was determined, and to use it within four years, to still claim the full ITC/PTC credit. Projects that start construction after that period should still be hired by the end of 2027. According to Roth Capital Partners: “This would effectively expand the 100% ITC/PTC to mid -2030 for projects that can start mid -2026.”
Most important highlights in the final budget budget budget
- Homeowner/residential ITC (25D) expires at the end of the year 2025
- Residential leasing companies can receive the ITC (48th)
- Non-residential solar projects that start construction less than 12 months after taking the account and are employed within four years.
- Excise on solar projects with Chinese components is removed
- Projects that start with construction in 2025 do not have to meet the requirements of the foreign entity of concern (FEOC). But projects that start with construction in 2026 and cannot later receive “material help from a forbidden foreign entity”
- The ITC (48th) storage is still exempt from the accelerated phase-down and intact until 2033
- The production tax credit (45x) has been retained and the stackability seems to have been restored (which means that a manufacturer of a solar-Wafer-cell panits can get credit for all three components if they are made in the same facility)
“Despite limited improvements, this legislation undermines the basis of the comeback and global energy leadership of America and the worldwide energy leadership. If this bill becomes law, families will be confronted with higher electrical accounts, factories will be concluded, and our electric schedule will be v.
“The implementation of this legislation would restore the global competitiveness of America, destabilizing our energy future and weakens the industries that feeds our economy of electricity and strengthen our national security-while giving up the 21st-century technical race to China. It will have the capacity of millions of US families to choose the Solar Savings to save the Solar Sparing to Sparing to Sparing to Savings. Communities, our companies and our futures are at stake, “the group continued.
The bill now returns to the House of Representatives, where it must approve the changes before it is taken to the account to the Oval Office.
The story will be updated as more information about the senate version is made available.
