DOE Cancels Biden Era Multi-Billion Dollar Green Energy Loan
The U.S. Department of Energy (DOE) has officially canceled a $3 billion partial loan guarantee to Sunnova Energy, a solar company that had been at the center of President Biden’s clean energy agenda. The decision reflects a growing emphasis on investing in reliable, market-ready energy solutions rather than using taxpayer dollars to prop up unreliable green energy sources.
The Daily Caller reports,
“In 2023, the Biden DOE announced a $3 billion partial loan guarantee to Sunnova Energy, a Houston-based company that provides solar panels and EV chargers, in furtherance of its broader green energy agenda. The Trump DOE canceled the loan guarantee Wednesday, dealing a blow to Sunnova— which has been accused in the past of ripping off elderly customers — as it navigates financial struggles, according to Reuters.”
Sunnova even reportedly signed elderly and cognitively impaired customers into expensive long-term contracts—practices that led to a congressional inquiry. By March 2024, the company publicly acknowledged “substantial doubt” about its ability to stay in business.
The cancellation of the Sunnova loan underscores a broader recalibration of federal energy investments. While the Biden administration pushed aggressively to scale up clean energy infrastructure, the Trump DOE is pivoting away from politically driven subsidies and toward disciplined, accountable investment in energy sources that can reliably power the country.
We applaud the Trump administration for prioritizing reliable and affordable energy. The path forward should focus on supporting innovation through smart regulation. The American taxpayer deserves no less.
May 30, 2025