Under the Inflation Reduction Act, US tax benefits for renewable energy projects are being canceled, impacting companies like Enlight Energy and Doral Energy. The tax bill will end credits abruptly in 2029, affecting projects that have not started construction or are not connected to the grid by 2028. SolarEdge is facing a 25% share price drop due to the changes.
image sourced from original article at https://en.globes.co.il/en/article-us-tax-changes-hit-renewable-energy-cos-1001511200Original article source: https://en.globes.co.il/en/article-us-tax-changes-hit-renewable-energy-cos-1001511200
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