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Trump’s tax law to cut US clean energy installs 41%, BNEF says

Mark Chediak / Bloomberg
Mark Chediak / Bloomberg • 2 min read
Trump’s tax law to cut US clean energy installs 41%, BNEF says
Wind turbine foundation components at a construction hub at the Port of Providence in Providence, Rhode Island. Photo: Bloomberg
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US annual clean-energy installations will plunge 41% after 2027, due to the rapid phase-out of wind and solar tax credits in President Donald Trump’s sweeping economic legislation.

Deployments will fall to 48 gigawatts in 2028 when wind and soalr projects will lose eligibility for the tax incentives, according to a report Thursday from BloombergNEF.

That’s compared to 81 gigawatts the prior year as developers race to complete projects before the cutoff date.

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