From Yahoo Finance: 2025-05-20 11:30:00

Conservative Republican lawmakers have secured a commitment from House leadership to end clean-energy tax credits earlier than planned, impacting solar energy companies. South Carolina Rep. Ralph Norman outlined the proposal but didn’t provide a new timeframe. Shares of Sunrun, Enphase Energy, and First Solar fell on Monday, along with other companies like Canadian Solar and SolarEdge.

The move is part of a larger deal aimed at advancing President Trump’s tax and spending package. Norman emphasized the importance of maximizing Trump’s agenda and addressing the country’s fiscal issues. The decision to end the tax credits earlier than planned contributed to the decline in shares of solar energy companies on Monday.

The American people deserve better fiscal responsibility, according to Norman. He highlighted the need for bold reforms and serious action from colleagues. The US credit rating downgrade underscores the urgency for fiscal order. The commitment to end clean-energy tax credits earlier than planned is part of a broader effort to support Trump’s America First agenda and address fiscal challenges.



Read more at Yahoo Finance: Solar stocks slip as conservatives fight to end IRA tax credits sooner