Summary
The U.S. government has stopped a $7 billion program called "Solar For All," which aimed to help families install rooftop solar units. This change affects several renewable energy projects and tax credits, impacting the shift toward cleaner energy and making it harder for families to save on electricity costs.
Key Facts
- The federal "Solar For All" program, worth $7 billion, was canceled.
- The program intended to help low- and middle-income families with solar panel installation.
- The government will also end a 30% tax credit for residential solar installations in December.
- Businesses can still get tax credits if they begin construction by June 2026.
- The Department of Energy withdrew $13 billion from other renewable energy projects.
- Wind energy funding has also been stopped, potentially delaying or canceling projects.
- In Florida, electricity costs have increased by 60% for some residents since 2019.
- Rising power costs make it harder for some families to afford basic utilities like air conditioning.
