A July 4 executive order issued in the US has redefined eligibility criteria for clean energy tax credits. The Department of the Treasury is now required to ensure that projects show substantial physical construction rather than minimal activity to qualify for incentives. This directive followed the $3.4 trillion federal budget bill, which had already narrowed the tax credit window to 12 months. Sunrun, a residential solar provider, reported a 13% drop in stock value following the announcement. Nextracker, a solar tracker manufacturer, fell by 5.6%, while First Solar, an PV module producer, declined 5.3%. The order also directed the Department of the Interior to eliminate favorable regulations for wind and solar. Projects linked to foreign entities of concern, including those from China, were further restricted. Legal analysts stated that these changes could affect project financing, raising uncertainty and slowing deployed renewable energy in the country.