HES Renewables warns US bill may cut solar tax incentives

HES Renewables, a US-based solar project developer, has warned that the proposed One Big Beautiful Bill may reduce federal tax credits for commercial solar projects. According to HES Renewables, these incentives have been essential for supporting US solar growth, domestic manufacturing, and clean energy job creation. HES Renewables said that while the Senate version of the bill is less severe than the House proposal, both could harm industry stability. HES Renewables has cited the 2023 California Public Utilities Commission decision as evidence of how policy changes can damage the solar sector. HES Renewables has advised property owners, businesses, and developers to act quickly to secure current tax benefits under safe harbor provisions. HES Renewables has also urged stakeholders to contact legislators and oppose the proposed cuts to protect solar market investments.