Trump clean energy tax credit cutoff drives project rush as prices set to soar

The phaseout of 20-year-old clean energy subsidies, accelerated by Trump’s 2025 tax law, is triggering a rush to complete projects. This policy shift is expected to significantly impact the market, as contract prices for wind and solar energy could potentially soar by 40% to 50%. The move creates an urgent environment for developers to secure benefits before the cutoff, leading to a surge in activity within the renewable energy sector to avoid higher costs.