Business News

There's one renewable that Trump won't cut

Geothermal tax credits will remain intact for years, giving developers policy certainty that the rest of the renewables industry can only dream about

ByJackie Snow

Share to XShare to FacebookShare to RedditShare to EmailShare to Link

Jim West/UCG/Universal Images Group via Getty Images

A version of this article originally appeared in Quartz’s members-only Weekend Brief newsletter. Quartz members get access to exclusive newsletters and more. Sign up here.

When the Trump administration dismantled tax credits for clean energy, one renewable source escaped the cuts. Geothermal energy, the little-known underdog, has become the unexpected winner in Trump's reshaped energy landscape.

The contrast is stark. Tax credits for solar and wind projects were slashed, with most required to begin operation by summer 2027 to qualify. But geothermal projects can start construction as late as 2033 and still claim full federal tax benefits. The industry's investment and production tax credits will remain intact through 2036, giving developers nearly a decade of policy certainty that the rest of the renewables industry can only dream about.

It speaks Trump's language better than other clean energy

Geothermal energy taps heat from deep underground to generate electricity. For over a century, the technology only worked........

© Quartz