Senate Passes Budget Bill Without Excise Tax on Wind and Solar Projects
Wind and solar projects breaking ground within 12 months of the bill’s passage can avail full ITC and PTC
July 2, 2025
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The United States Senate has passed the budget reconciliation bill that removes the proposed excise tax on wind and solar projects. The bill’s previous version included a tax of 50% on solar and 30% on wind projects commissioned after December 31, 2027, if they were constructed after the date of enactment and received material assistance from prohibited foreign entities.