A U.S. Senate panel proposed a full phase-out of solar and wind energy tax credits by 2028 but extended the incentive to 2036 for hydropower, nuclear and geothermal energy, which are favored by President Donald Trump’s administration, according to a draft bill circulated on Monday.
The draft bill, part of a sprawling Republican budget package, made several changes that clean energy advocates pressed for to a bill passed in the House last month. But industry representatives said the text did not go far enough to preserve their sector’s key incentives.
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