Republicans in Congress have advanced a bill cutting clean energy tax credits, and the industry is bracing for the impacts. The legislation targets incentives like the 30% residential solar tax credit extended by the Inflation Reduction Act. Business leaders and analysts warn the cuts will reverse growth and lead to job losses. A North Carolina solar company CEO says the changes could force him to lay off over 50 employees. The bill also phases out credits for utility-scale solar and wind projects but spares some commercial initiatives temporarily.