Featured in Sunset for US incentives – 07&08-2025

Tax credit cliff tightens project deadlines

US project developers face a shrinking timeline as federal investment and production tax credits are set to end early, and new import restrictions target Chinese components.

By

Ryan Kennedy

04 Aug 2025

Image: Pexels/Cristian Rojas

On July 4, 2025, the “One Big, Beautiful Bill Act” (OBBBA) was signed into US law. The budget bill includes massive cuts to clean energy federal support.Under the US Inflation Reduction Act of 2022, solar and wind energy projects were offered a 30% Investment Tax Credit (ITC) or an electricity generation output-based Production Tax Credit …

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