House Moderates Approve Broad Green Energy Tax Credits Amid GOP Concessions

Moderate House Republicans, who initially advocated for a precise, scalpel-like approach to green energy tax credits in a sweeping reconciliation bill, ultimately accepted a broader, more stringent approach to these subsidies. The legislation, described as President Trump’s “big, beautiful bill,” passed the House narrowly and now moves to the Senate, where advocates hope for modifications. The bill imposes significant cuts, restricting tax credits for many low-carbon energy sources such as wind and solar to projects that start construction within 60 days and begin producing electricity by 2029, while offering a carve-out for nuclear energy that requires only the start of construction by 2028. It also includes strict provisions to exclude projects using Chinese components or minerals, presenting a major challenge given China's role in mineral processing. Climate advocates and clean energy companies are preparing to push for changes in the Senate, as some moderate Republicans expressed disappointment over the bill's stricter direction. Industry leaders like Andrew Mills and Frank Macchiarola have acknowledged the political realities necessitating compromise, but emphasize ongoing efforts to soften the legislation’s impact in the Senate.