The US House Ways and Means Committee has released a draft budget bill proposing major changes to clean energy tax incentives. The bill includes a phasedown of the Investment Tax Credit and Production Tax Credit starting in 2029, with full elimination by 2032. Section 25D, which supports residential solar systems, is set to end after 2025, affecting cash and loan-financed installations. The bill also removes tax credit transferability, requires operational status for eligibility, and adds restrictions on foreign entities of concern. According to Wood Mackenzie, a UK-based energy research and consulting firm, these provisions may hinder solar financing and deployment. The proposal retains domestic content and energy community adders but introduces uncertainty across utility and residential markets. Wood Mackenzie stated that forecast revisions to its Q1 2025 Base Case are likely due to the potential impact on project development and manufacturing.