All articles tagged with #us solar industry
The U.S. solar manufacturing sector has seen significant growth due to recent incentives like the Inflation Reduction Act, but this progress is threatened by potential rollback of tax credits by Congress, which could slow domestic growth, increase costs, and leave the U.S. vulnerable to Chinese dominance in renewable energy supply chains.
The U.S. has reinstated tariffs on certain solar products made by Chinese companies in Southeast Asia after a two-year pause, aiming to protect American solar manufacturers from being undercut by cheap imports. This move reflects the Biden administration's dilemma between promoting affordable solar adoption and safeguarding new U.S. solar factories.
In Q1 2024, the US installed a record 11.8 GW of new solar panel manufacturing capacity, surpassing the total solar installations of 2018 and bringing the total installed capacity to 200 GW. This growth, driven by federal investments, saw significant contributions from states like Florida and Texas. Despite challenges in labor and equipment, the US solar industry is projected to continue its rapid expansion, potentially doubling its capacity by 2029.