H.R. 4118, introduced in June 2025, would eliminate federal tax credits for wind, solar, and battery energy storage facilities by terminating three major tax incentive programs in the Internal Revenue Code. The bill would prevent any new wind, solar, or battery storage projects that begin construction after the law's enactment from claiming tax credits, effectively ending subsidies for these renewable energy technologies. The legislation affects renewable energy developers, manufacturers, and companies that have relied on these tax credits to finance clean energy projects, while also impacting the broader renewable energy industry and its workers. The bill contains no specific funding allocations because it is designed to reduce federal support rather than allocate new resources. The changes would take effect immediately upon enactment for any projects beginning construction after that date, and the Treasury Department would be tasked with issuing regulations to implement the new rules.
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