Inflation Reduction Act to give US solar energy industry a much needed boost

The Inflation Reduction Act of 2022 extended that tax credit for the decade to come, and we can expect solid continued growth again.

The U.S. solar energy industry has grown tremendously in the past decade. That growth has actually been one of the most phenomenal economic growth stories across the whole U.S. economy. However, the “Covid Era” hit solar hard, and it has struggled to get back on the trajectory it was on.

The latest industry-wide data we have from the U.S. Solar Energy Industries Association and Wood Mackenzie show a near leveling off of growth. (Note that all of the following data and analysis from these parties comes from before the passing or even introduction of the Inflation Reduction Act of 2022.)

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Source: Clean Technica

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