Speed is the New Energy Subsidy
For decades, clean energy in America was driven by subsidies. The Investment Tax Credit (ITC) and Production Tax Credit (PTC) enabled solar and storage to scale, creating an industry that might not have survived without them.
These subsidies gave renewables the time and capital to prove themselves, but also distorted markets. Developers planned projects around political timelines rather than efficiency, and investors prioritized tax certainty over technology.
Projects lived or died not on their merits, but on how Congress voted.
The One Big Beautiful Bill Act (OBBBA) accelerated the phaseout of credits and added complex new sourcing requirements, creating a hard clock.
Author's summary: Speed replaces subsidies in clean energy.
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