Grid installations predominantly favor solar energy, but encounter a potential significant change
In a recent development, a new market report from the Solar Energy Industries Association (SEIA) and Wood Mackenzie suggests a substantial decrease in solar deployment through 2030. The report, one of the first industry forecasts since the passage of the Republican megalaw, attributes this downturn primarily to changes in federal policy, specifically the One Big Beautiful Bill Act and the Interior Department's permitting changes.
According to the report, the overall solar deployment could be 21% lower, or 55 gigawatts, through 2030. The One Big Beautiful Bill Act, signed by President Donald Trump, phases out wind and solar tax credits faster than those for other technologies. The Interior Department's permitting changes, identified as a key factor, are said to have a significant impact on the decreased solar deployment projection.
The solar and storage sectors accounted for 82% of installations to the U.S. grid in the first half of the year. However, the new projection is lower than previous forecasts for solar deployment through 2030. Abigail Ross Hopper, SEIA's President and CEO, stated that solar and storage are the backbone of America's energy future.
The report also predicts a sharp downturn in the residential solar sector, which is expected to face "one of the most tumultuous periods in history." The Trump administration is accused of deliberately stifling investment in the solar and storage industry, which is said to be raising energy costs for families and businesses.
The megalaw is cited as a significant factor in the decreased solar deployment projection. The report details the likely direction of every segment of the solar and storage industry through the end of the decade after rollbacks of federal incentives.
Despite the challenges, Hopper remains optimistic. She emphasised that the solar and storage industries have shown resilience in the face of adversity in the past and will continue to do so. The report serves as a call to action for policymakers to reconsider their stance on renewable energy and the importance of maintaining a healthy and thriving solar and storage sector for the nation's future.
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