Solar stocks plummet as Senate version of Trump's tax bill cuts renewable energy incentives

The Senate version of the bill includes a provision that would fully phase out both solar and wind power tax incentives by 2028. It does, however, keep incentives for nuclear, hydropower and geothermal energy for longer. The renewable energy incentives were key pillars of former President Joe Biden's Inflation Reduction Act. "The House-passed version generally represented a worst-case scenario for the majority of the IRA's tax incentives; while the Senate proposal still represents a material negative for re ...