Trump Signs Order to End Wind and Solar Subsidies Under ‘One Big Beautiful Bill’
President Donald J. Trump signed an Executive Order on Monday aimed at eliminating subsidies for wind and solar energy in furtherance of the recently enacted One Big Beautiful Bill Act (OBBB).
The order directs the Secretary of the Treasury to terminate clean electricity production and investment tax credits for wind and solar facilities under sections 45Y and 48E of the Internal Revenue Code, while implementing enhanced Foreign Entity of Concern (FEOC) restrictions.
Additionally, the Secretary of the Interior is required to review and revise any regulations providing preferential treatment to wind and solar facilities compared to dispatchable energy sources, such as fossil fuels and nuclear power.
“Ending the massive cost of taxpayer handouts to unreliable energy sources is vital to energy dominance, national security, economic growth, and the fiscal health of the Nation,” states the executive order.
Both Cabinet officials must submit reports within 45 days detailing findings and actions taken to implement the order.
The executive order follows the OBBB, which phased down tax credits for wind and solar based on a beginning-of-construction standard. The House version had originally proposed terminating these credits for facilities not in service by the end of 2027.
However, the BlueGreen Alliance strongly criticized the move. In a statement, Executive Director Jason Walsh said, “Donald Trump said on the campaign trail he was going to bring costs down and help working people. Instead, he just signed a huge tax cut for billionaires that’s going to cost working Americans money, jobs, their health, and our future.”
The BlueGreen Alliance claims that the law will put people out of work, shutter critical projects, limit American competitiveness globally, and could increase household energy costs by $400 a year within the next decade.
For the maritime industry, this policy shift could significantly impact offshore wind development projects and associated vessel deployment, potentially altering supply chains and vessel requirements for energy projects in U.S. waters. The enhanced FEOC restrictions may also affect international maritime partnerships in the renewable energy sector.
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Lorraine
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It’s hard to believe that now we applaud common sense as if it was a revolutionary concept.
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Jerry Krause
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Hi Lorraine and PSI Readers,
“Common Sense” is the collection of prejudices acquired by the age of eighteen.” (Einstein)
“However, the BlueGreen Alliance strongly criticized the move. In a statement, Executive Director Jason Walsh said, “Donald Trump said on the campaign trail he was going to bring costs down and help working people. Instead, he just signed a huge tax cut for billionaires that’s going to cost working Americans money, jobs, their health, and our future.”” Many USA billionaires earned their billions by providing jobs to workers to implement their PRODUCTIVE IDEAS (inventions). If governments severely tax these profits these TALENTED billionaires don’t have as much money to provide as many jobs for the workers .
Have a good day
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Lorraine
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Hello Jerry.
Are you an American? I’ll keep my “prejudices”. Thank you.
They’ve kept me safe and sound in a world of deceit and duplicity.
I must be a billionaire. President Trump’s tax cuts are working for me.
I’m not seeing any increase in my taxes.
I voted for the President three times with no regrets.
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Aaron
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some will never learn
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Jerry Krause
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Hi Lorraine,
Obviously you are a working AMERICAN.
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Jerry Krause
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Hi Lorraine and PSI Readers,
“Common sense is the collection of prejudices acquired by age eighteen.” (Einstein)
“However, the BlueGreen Alliance strongly criticized the move. In a statement, Executive Director Jason Walsh said, “Donald Trump said on the campaign trail he was going to bring costs down and help working people. Instead, he just signed a huge tax cut for billionaires that’s going to cost working Americans money, jobs, their health, and our future.”” Many USA TALENTED billionaires earned their billions by providing jobs for workers to implement their creative ideas. Bot if their profits are severely taxed, they don’t have as much money to provide jobs for workers. It’s that simple.
Have a good day
Reply
jerry Krause
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Hi PSI Readers,
Somewhere here at PSI the question–Would you trust AI to make medical decisions for you?–is asked. I would first ask my trusted physician for his/her suggestion and compare it with AI’s treatment. But even if the suggested treatments agree I know the purposed treatment might not work.. For only a treatment which doesn’t work, causes harm, is certain.
Have a good day
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Mike J
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My electric bill has already gone up by $400 or more per year most likely because of “green” energy. I doubt it’ll go up more by going back to coal/oil/natural gas/nuclear
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VOWG
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Good, cut them all off at the knees.
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