Solar Trade Association warns of “devastating energy shortage” if incentives are cut

The Solar Industry Association has released information about the budget settlement bill currently under review by Congress, which will have a negative impact on the economy. The legislation cuts incentives surrounding solar investment and adoption, such as the 25D Resident Tax Credit.

The team's analysis found that the bill would result in losses of nearly 300,000 current and future work in the United States. It also said that eliminating incentives could mean $220 billion in investment in the sector by 2030. It also points to future energy shortages, claiming that solar energy is of course responsible for 73% of the 206.5 gw new energy capacity required by 2030 to 2030.

“Passing the bill will create catastrophic energy shortages, leadership over China’s AI and technology, and damage some of the most important sectors of the U.S. economy,” said Abigail Ross Hopper, president and CEO of SEIA.

This is the type of response we hope to be threatened by federal actions. This is also the type that doesn’t seem to have much impact on the current government, especially in terms of environment and sustainability.