The Senate version of the bill includes a provision that would fully phase out both solar and wind power tax incentives by 2028. It does, however, keep incentives for nuclear, hydropower and geothermal energy for longer.

U.S. Senate Republicans have unveiled their version of President Donald Trump's sweeping tax-cut and spending bill that is broadly similar to the legislation that narrowly passed the House of Representatives last month.

Senate Republicans’ plans to slash clean energy tax credits differ significantly from the proposed cuts in the One Big Beautiful Bill Act passed by the House last month. Key provisions of the Senate’s version of the bill,