With a Republican White House, Senate, and the House of Representatives up for grabs, core solar industrial policy will possibly be repealed.
In the keynote speech on Day Three of pv magazine Week, John Smirnow discussed the Inflation Reduction Act as industrial policy and how the U.S. has the opportunity to be a true leader in solar manufacturing.
The financing includes a $125 million tax credit sale for Gemini, one of the largest solar-plus-storage facilities operating in the U.S.
On Day One of pv magazine Week, Dr. Heather Boushey, chief economist in the Investing in America Cabinet, shared insight into the ways in which solar has become an economic driver since passage of critical clean energy policy.
During pv magazine USA Week, Crux co-founder and CEO, Alfred Johnson shared insights on the accelerating multi-hundred-billion-dollar transferable tax credit market.
A change of Presidential administration could threaten billions of dollars in investment and thousands of jobs in critical swing voting states, which host 48% of announced clean energy manufacturing investments.
Now that incentives from the US Inflation Reduction Act (IRA) are well understood, global manufacturers are announcing factories in the United States to constitute much of the solar supply chain. While some plans have been scrapped already, and more cancellations are expected, the broader trend is unprecedented growth.
The Solar Energy Industries Association (SEIA) says a low-income tax credit “adder,” which is part of the Inflation Reduction Act’s (IRA) Investment Tax Credit (ITC), will be replaced by a regime that does not apply to energy storage systems.
Also on the rise: Robots, sheep, SCADA, and more: Highlights from RE+ 2024. In case you missed it–five top solar news stories. And more.
While we watch the spectacle of the 2024 elections unfold, it is wise to consider the implications of a repeal or rollback of the IRA.
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