Solar Stocks Plunge as Congress Targets Tax Credits ...Middle East

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Solar Stocks Plunge as Congress Targets Tax Credits
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The text that passed the House on a 215-214, party-line vote early Thursday is even less favorable to clean energy interests than a previous draft that industry groups widely panned, UtilityDive reported. The bill terminates the 48E investment and 45Y production tax credits for non-nuclear clean energy projects placed in service after 2028, with no phaseout period. Projects must begin construction within 60 days of the bill’s enactment — likely later this year — to be eligible for the credits. The version the House…

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