The 30 percent federal residential solar tax credit, which had been set to gradually phase-down through 2032, was canceled by the legislation. U.S. Energy Secretary Chris Wright said, "Wind and solar subsidies have been particularly wasteful and counterproductive. ... More than 75% of U.S. electricity comes from natural gas, nuclear, and coal -- and they supply it 24/7, independent of the weather." The energy secretary commended the end of these tax credits, saying that wind and solar power bring together "the worst of two worlds: less reliable energy delivery and higher electric bills." |