On July 16, 2025, Latham partners examined the status of clean energy tax credits.
On July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (OBBB), which significantly rolls back many of the core tax incentives that clean energy projects have relied on since the passage of the Inflation Reduction Act in 2022 and implements a host of new restrictions. A White House executive order issued on July 7, 2025, further complicates the picture for solar and wind.
In the latest installment of our We’ve Got Washington Covered and Global Energy & Infrastructure Insights series, our tax leaders in the renewable energy and energy transition sectors analyzed the implications for clean energy investment, including:
- Tax credits for various technologies post-OBBB
- New foreign entities of concern (FEOC) requirements
- Enactment and implementation considerations