12 May '18, 12pm

Lights out for the US solar industry?

Lights out for the US solar industry?

In the near term, President Trump’s tariffs are likely to slow down the growth in the US solar sector, but they will not kill it. Indeed, there are reasons for optimism that the American solar industry will not only survive but will thrive again. What is likely to push the industry forward are renewable energy goals and regulations at local and state levels, which have so far been vital for the expansion of solar, wind, and other renewable energy sources in the US. Currently, 29 states have mandates requiring that utilities procure a certain percentage of their power generation from renewable energy, including solar energy. At the federal level, the solar Investment Tax Credit (ITC) will also help keep the momentum going for the industry. The ITC allows residential and commercial solar system owners to deduct 30% of the cost of installing solar from federal taxes. The ITC ...

Full article: https://www.energydigital.com/renewable-energy/lights-out...

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