Solar stocks plummet
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The new administration wants to limit or roll back tax credits for home energy equipment -- which could cost you money and change your plans.
For anyone who can afford to go solar, "now would be the time" because House Republicans want to end federal tax credits that make it affordable.
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TipRanks on MSNSolar Stocks Bounce Back as Senate Disagrees with Clean Energy CutsSolarEdge Technologies ($SEDG), and Enphase Energy ($ENPH) bounced back on Friday after taking a big hit the day
Shares of solar stocks, including rooftop solar provider Sunrun (NASDAQ: RUN), renewables-focused utility NextEra Energy (NYSE: NEE), and renewable power provider AES Corp. (NYSE: AES), plunged on Thursday,
The bill extends tax credit benefits and transferability for nuclear energy projects, including restarts and upgrades, while eliminating similar perks for solar, wind, and storage.
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Subsidies for clean power would end years earlier in a giant tax and spending bill narrowly passed by the Republican-led House early Thursday, driving down shares of solar companies.
Solar stocks took a hit after the House passed a tax-and-spending bill that included a provision to gut key tax incentives years earlier than expected.
To get savings like this user's, people in the U.S. are subject to tax credits to help them save on the upfront cost of renewable energy. Solar panels, for example, can be installed at a lower rate thanks to the Inflation Reduction Act ( IRA ). The resource, EnergySage, provides you with free solar estimates and helps you compare quotes.
For the last two decades, homeowners have been able to claim thousands of dollars in federal tax credits to help offset the high upfront costs of going solar. Things were supposed to stay that way ...
This reduction could mean higher monthly power bills for solar generators, diminishing the value of their investment and lengthening their return on investment timeline. Consequen