Solar developers prioritize advanced-stage projects in the U.S. due to tightened tax credit deadlines, while projects in Canada are “full speed forward.”
The budget bill and a Trump executive order are expected to have a damaging effect to the solar industry, but strong fundamentals like increased demand and lowered component costs are expected to drive installations forward.
Developers will need to navigate expiring tax credits, stricter “safe harbor” rules and foreign content restrictions.
Experts advise people with serious interest in home solar to act quickly and consider their choices carefully to avoid any headaches.
While storage fared better than solar and wind, homeowners interested in residential batteries face dwindling opportunities.
Foreign entity of concern (FEOC) rules deny tax credits for manufactured products that exceed using certain thresholds of inputs from China.
Despite the upcoming loss of federal tax credits, community solar developers and investors can prevail if they prioritize states with strong legislation and financial incentives.
Foreign entity of concern (FEOC) rules deny tax credits for projects that exceed using certain thresholds of Chinese products.
The order tightens the deadline for project tax credit eligibility and orders the Treasury to apply enhanced Foreign Entity of Concern restrictions to imports.
The bill cancelled residential solar tax credits at the end of 2025 and added new timelines and restrictions for tax credits under Sections 45Y and 48E.
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