Wind generators in Monticello, Utah. Jon G. Fuller/ Vwpics/VW Pics/ZUMA

The Senate version of President Donald Trump’s “One Big Beautiful Bill,” unveiled to the public at Midnight on Friday, went even further than the House version in its hostility toward the nation’s burgeoning renewable energy sector. The House version merely seeks to end the Inflation Reduction Act (IRA) subsidies for wind and solar development enacted under President Joe Biden. Now, Republican senators want to levy punishing new taxes on wind and solar projects.

“I hate to say it, but it would kill [America’s] renewable energy market,” says Kenneth Gillingham, a dean and professor of environmental and energy economics at Yale University.

“It would kill it!” concurs Bob Keefe, executive director of E2, a national organization of business leaders advocating for smarter climate policies and the author of a recent book titled Clean Economy Now.

If solar and wind projects aren’t finished by 2027, per the Senate version, the developers will face a tax that would add an additional 10 to 20 percent to their costs, per

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