House Republicans' tax bill threatens to dismantle solar energy incentives, potentially derailing the clean energy boom and handing the AI race to China. Is this the ultimate 'L'?
House Republicans' tax bill threatens to dismantle solar energy incentives, potentially derailing the clean energy boom and handing the AI race to China. Is this the ultimate 'L'?

No More Solar Power?

Okay fam so you know I'm all about that positive energy right? But this news is straight up *yikes*. Apparently some peeps in power are trying to pull the plug on solar energy incentives. Like are they trying to make us go back to candles or something? 'Cause I'm not about that life. Seriously this tax bill that House Republicans passed is giving me major 'is this real life?' vibes. It's like they want to 'ratio' the entire solar industry. Can you imagine? No more clean energy? My PC would melt from the heat generated to generate the power to play Minecraft! This is not poggers.

Literally Sledgehammering Biden's Plans

So get this analysts are saying this bill is like a 'sledgehammer' to President Biden's Inflation Reduction Act. Sledgehammer! Like they're not even trying to be subtle about it. According to Abigail Ross Hopper CEO of the Solar Energy Industries Association this is 'willfully ignorant'. Ouch! She even warned that America could 'surrender the AI race to China' and we could all face blackouts. Blackouts! Can you imagine streaming in a blackout? That's a big fat 'no' from me dawg.

250,000 Jobs About to Get YEETED?!

Sunrun CEO Mary Powell is dropping truth bombs saying this bill could cost us 250,000 jobs! That's a whole lotta people about to get yeeted into unemployment. And get this Sunrun's stock tanked harder than my K/D ratio in a new game. They had their worst day EVER. This is not a drill people! This is serious business. I mean think of all the potential Twitch subs we're losing here. It's a tragedy!

Trump's 'One Big Beautiful' Disaster

And of course Trump's chiming in calling for the Senate to pass this 'one big beautiful bill' ASAP. Beautiful for whom exactly? Maybe the oil barons? Because it sounds like a nightmare for the rest of us. I mean come on guys we're trying to save the planet here! Can't we all just get along and build some solar panels? It's like a win win!

Is Clean Energy About to Hit the FAN?

So since the IRA passed in 2022 companies have thrown over $161 billion into solar and battery storage projects. That's a LOT of money! And solar is booming making up most of the new power additions to the grid. But this bill would basically *delete* the tax credits that made all this possible. Like poof! Gone! Analysts are saying clean energy deployment could drop by a massive amount over the next decade. This is not the vibe people not the vibe at all.

Hope Remains? Maybe... Kinda...

Okay okay not all hope is lost. Some Republican senators are pushing back so maybe just maybe they'll soften the blow. Sen. Shelley Moore Capito gets it saying the bill is like a 'blanket repeal' of the tax credits. And guess what? Most of the IRA investment has gone to Republican districts! So basically they're shooting themselves in the foot. Maybe they'll realize the 'L' they're about to take and change their minds. Fingers crossed chat!


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