Keep in mind: to get an energy project to the point where you've actually commenced construction, you have to invest significant capital in planning, site acquisition/leasing, engineering, grid interconnection studies, permitting, contracting long lead items etc. Even exempting projects that have commenced construction now, the GOP Budget Bill pending in the Senate today would raise taxes on hundreds of projects in development across the country. Amending the bill to permit projects commencing construction within 12 months of passage (and remove arbitrary placed in service deadlines) would be much fairer treatment of at-risk, pending investments.
The problem isn’t “ending subsidies.” It’s:
1) Abrupt termination after major capex is already sunk
2) Cutting eligibility at an arbitrary in-service cliff, blowing up project pipelines
3) Imposing extreme, unworkable FEOC rules that ignore supply chain realities
4) Slapping an excise tax on our fastest-to-deploy resources
5) Doing all this amid spiking demand, tariffs, rising grid upgrade costs, & permitting bottlenecks