Wind and solar projects that start construction after December 31, 2030 would no longer qualify for the federal clean electricity production tax credit or the clean electricity investment tax credit. Other clean technologies covered by those credits would not be affected. The bill also bars any company controlled by China, Russia, Iran, or North Korea from claiming a long list of clean energy and fuel tax credits, including credits for biofuels, hydrogen, carbon capture, electric vehicles, and energy-efficient buildings. Treasury would have 180 days after enactment to issue guidance carrying out the foreign-control rule.
Corporate Benefits
- Wind and solar developers — Lose clean electricity tax credits for projects starting after 2030
- Foreign-controlled firms — Cut off from 17 clean energy and fuel tax credits
Environmental Concerns
- Wind and solar tax credits — Eliminated for facilities beginning construction after Dec 31, 2030
Congressional Summary
Certainty for Our Energy Future ActThis bill terminates federal tax credits for certain investments in and the production of electricity using wind and solar energy. The bill also prohibits certain entities connected with China, Russia, Iran, or North Korea from claiming various energy-related federal tax incentives.The bill terminates the federal clean electricity investment tax credit and the federal clean electricity production tax credit for investments in and electricity produced by a facility (1) used to generate electricity using wind or solar energy, and (2) for which construction begins after 2030. The bill also prohibits an entity that is created or organized under the laws of or controlled by the government of China, Russia, Iran, or North Korea, or an entity controlled by one or more of such entities, from claiming the federal tax credits foralternative fuel vehicle refueling property,second-generation biofuel,biodiesel fuel,sustainable aviation fuel,renewable electricity production,carbon sequestration,zero-emission nuclear power production,clean hydrogen production,clean commercial vehicles,advanced manufacturing production,clean electricity production,clean fuel production,investments in energy property,advanced energy projects,clean electricity investment,biodiesel mixtures,alternative fuel, oralternative fuel mixtures.Further, such entities are prohibited from claiming the federal tax deduction for energy efficient improvements to commercial buildings.Finally, such entities are not entitled to a credit or refund of federal excise taxes paid on biodiesel, alternative fuel, or sustainable aviation fuel mixtures produced by the entities.
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2025-05-08
- Date Added
- 2026-05-19
- Source
- Congress.gov →
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