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https://www.wsj.com/business/energy...4?st=orTyKJ&reflink=desktopwebshare_permalink
“Southern Energy Management is bracing for whiplash. The Raleigh-based home-solar-panel installation company grew steadily in recent years, thanks in part to tax credits in former President
Joe Biden’s landmark 2022 climate law.
Now, Chief Executive Will Etheridge says his 190-person company’s residential solar sales could plunge in 2026 by as much as half. President
Trump’s megabill, which he signed into law Friday, ends the subsidies later this year. Etheridge’s plans to buy more supplies from factories in North Carolina and elsewhere are on hold.
“Now, I’m not thinking about that at all,” he said. “I’m trying to think about how to save North Carolina jobs.”
… Trump’s
“big, beautiful bill” will turn off that spigot [from the Biden 2022 climate law] as part of a push to extend the tax cuts enacted in his first term. Credits for EVs and home solar panels are slated to end in the coming months. Incentives to develop or produce renewable energy will wind down within years.
The legislation, meanwhile, boosts the prospects for fossil-fuel production on public lands, a boon to oil-and-gas drillers that are pumping record supplies and posting bumper profits.
…Clean-energy executives expected regulatory changes under any new administration. Some warn, though, that the swift rollback of much of a previously passed law will create a new level of uncertainty for future investment and raise financing costs down the road.
“
You’re going to strand a lot of capital, and you’re going to put a lot of people out of business by changing the chessboard right in the middle of the game,” said Reagan Farr, chief executive of solar developer Silicon Ranch.
“
That’s something as a country that we’ve been good about until now.”…”