Clean energy stocks, including Sunrun which jumped more than 10%, rose after a tax on solar and wind projects using foreign components was removed from the Senate version of the One Big Beautiful Bill Act. The tax, which applied to projects using components from foreign entities of concern (widely understood to refer to China), was ultimately struck from the legislation.
The American Clean Power Association (ACP) and Solar Energy Industries Association (SEIA) confirmed the removal, noting that the measure was punitive and would have added up to $7 billion to the solar and wind industry's tax burden. This change provides significant relief for companies like Sunrun that rely on global supply chains.
While the Senate bill still phases out the clean electricity investment and production tax credits for wind and solar, the timeline is not as strict as previous versions. Projects that start construction within 12 months of the bill becoming law can still qualify for full tax credits, and those starting after 12 months must enter service by the end of 2027 to qualify.
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