New Energy

Trump’s 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. — Wind turbine foundation components at a construction hub at the Port of Providence in Providence, Rhode Island.
Photographer: Adam Glanzman/Bloomberg

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By Mark Chediak

July 17, 2025 at 4:00 PM UTC

Updated on

July 17, 2025 at 5:44 PM UTC

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 solar 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.