President Donald Trump's massive federal spending and tax bill stands to have far-reaching impacts on Arizona's energy and economic landscape.

The “one big, beautiful bill” that Republicans crafted and President Donald Trump signed last week eliminates a number of incentives for clean energy that will directly lead to billions in lost investments for the state of Arizona and thousands of lost jobs.

Provisions of the "one big beautiful bill President Donald Trump enacted will impact the energy industry. The bill scales back tax incentives for certain types of energy like wind and solar. Before the bill’s enactment,

Renewable-energy stocks fell, after President Trump issued an executive order calling for tight application of the eligibility rules for clean-energy tax credits. Shares in solar-equipment maker First Solar fell about 5% in morning trading Tuesday,

A new executive order further lowers government support for renewable power. Stocks including First Solar and Enphase Energy dropped on Tuesday.