Note: Single-source report; awaiting corroboration.
U.S. Secretary of Energy Chris Wright announced that federal tax credit subsidies for new wind and solar projects not under construction will expire on July 4, 2026, under the Working Families Tax Cut Act.
After this deadline, federal subsidies will no longer be available for new wind and solar projects initiated beyond that date. The Energy Dominance Financing Office highlighted the act’s one-year anniversary as an important milestone in this policy change.