As in the US, a pure energy boom can go if the “big, beautiful bill” Trump becomes law

The solar heads of energy believed that the billions of dollars they were invested in the Republican constituencies would eventually be Protect your branch Donald Trump’s threat to stop federal support for renewable energy.

But they may have been catastrophically wrong. Tax bill in which Republicans are located passed this week This is “worse than the script” for solar energy, investment bank analysts reported customers in the note.

Legislation stop key tax benefits that supported the growth of the industry by causing a wide sale of sunny stocks Thursday. The bill must still be adopted by the Senate, where Jeffera expects that the “disabled” provisions will be abolished.

But in its current form, the tax bill effectively accepts the “sledgehammer” to reduce the inflation of President Joe Biden, Jefferies analysts said. Legislation in this country “will lead to an economic boom that made a historical American Renaissance productionsaid Ebigale Ross Hopper, CEO of the Lobstical Group Association Solar Energy Industries.

Haper spoke in favor of the tax bill as “intentionally ignorant” the role that the solar energy and storage of the battery in satisfying the demand for electricity from US consumers and enterprises.

“If this bill becomes a law, America effectively pulls the AI ​​race to China, and communities across the country will face off,” she warned.

Sun CEO Mary Powell said CNBC in an interview on Thursday that the legislation could lead to a loss of 250,000 jobs and increase the cost of electricity for consumers. The solar mount on the roof had the worst performance on Thursday, and the shares decreased by 37%.

For his part, Trump urged the Senate to convey what he calls “one, big, beautiful bill” as soon as possible. “No time to spend,” the president said on his platform in social media The truth is social Thursday.

Companies have invested more than $ 161 billion in large solar and battery projects since IRA has passed in 2022, reports Massachusette Technology Institute and Rhodium Group.

Sunny and battery storage is the fastest growing energy source in the US, which is 81% of the expected power supplements on the network in 2025, reports Administration of energy information.

But the tax bill is mostly scored by two tax credits that made the most solar energy. It stops loans for investing and electricity production for clean energy starting construction 60 days After adopting legislation Or enter the service after 2028. It concerns and winds

“This will put a mass slowdown in the amount of pure energy that is added to the network,” said Ben Smith, Deputy Director for Energy and Climate Practice Rhodium Group. Returning pure energy into the network can decrease by 57% to 72% over the next decade, According to relatives.

Pure energy projects also cannot require tax credits next year if they receive “financial assistance” from prohibited foreign organizations. This is mainly aimed at projects that scream basic materials from China, such as solar panels or cobalt and batteries, King said.

“It really serves in our assessment as actually canceling the loan next year,” he said. Tax loan for production that supports companies such as First sunny It remains on the spot until 2031, although it is also subject to a foreign person’s restrictions.

The tax bill is “catastrophic” for the solar industry on the roof, Guggenheim analyst Joseph Osh told clients. It stops tax credits for companies such as Sunrun, which rent solar equipment for customers. About 70% of the living solar industry use the rental agreements, OSHA said.

“I’d rather change what will change,” said the capital Politics May 13. “There was job creation around these tax credits.”

Indeed, GOP Congress County will become the most violent if loans are stopped. According to the E2 propaganda group, 81% of IRA investments have moved to the Republican constituencies.

The slowdown in the solar deployment will come simultaneously when the demand for electricity is increasing from the construction of artificial intelligence centers, restructuring and wider electrification of the economy.

Renewable sources can be deployed faster for demand now because solar battery storage and wind make up 92% of electricity projects waiting for connections with the network, reports Interconnection.fyian organization that tracks the connection requests.

Demand for natural gas is also raised in the US, but the expectation time of new turbines is from the age of five, when the order is adopted, Raid Ramdatsing said, analyst at Rystad Energy. Although the growth can slowly, solar and batteries will continue to unfold because there is actually no alternative, Ramdatsing said.

“Demand is energy,” he said. “Gas is unable to meet this demand in the short term. The biggest alternative is that we will need in the next couple of years is renewable energy sources.”