WASHINGTON-U.S. Secretary of Energy Chris Wright today released the following statement regarding the Working Families Tax Cut July 4, 2026 deadline ending federal tax credit subsidies for new wind and solar projects not currently under construction. For more than three decades, the federal government has subsidized wind and solar energy generation. In 2025, wind and solar accounted for approximately three percent of total U.S. primary energy consumption.

"I'm thrilled to report that after about 35 years, on July 4th, we will end the subsidies for wind and solar, thanks to the Working Families Tax Cut.

"Wind and solar take a lot of land, 100 times more land for a similar amount of energy. They take an enormous amount of materials, energy intensive materials like steel and cement and polysilicon.

"They take an enormous amount of additional transmission lines to connect their large land, far flung production back to where there's demand centers.

"And what do we get for all that is a relatively small amount of low value energy. It's low value because the wind doesn't always blow and the sun doesn't always shine.

"So they drive up the system costs and increase Americans' electricity prices.

"Enough of raising electricity prices. We're going to drive them down. Thank you."

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