Renewable energy survived attacks from Texas lawmakers. Its future now depends on Trump’s big bill.

AI generated summary

Texas lawmakers have recently failed to pass several bills aimed at limiting the state's renewable energy sector, allowing the industry to continue thriving for the time being. However, the future of renewable energy in Texas now hinges on federal legislation, particularly President Trump's proposed bill that could eliminate many of the Biden administration's tax credits for clean energy. Advocates argue that reducing support for wind and solar energy could lead to increased energy costs and job losses, especially in rural communities.

Despite the defeat of anti-renewable bills in the Texas legislature, concerns remain about the potential for future attempts to restrict renewable energy growth. The ongoing discussions have raised alarms among investors about Texas' stability as a business environment. The Solar Energy Industries Association warns that if federal tax credits are repealed, Texas could face significant job losses and a decline in solar investment, highlighting the state's critical role in the renewable energy market.