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U.S. Solar Industry Faces $20 Billion Risk as Tax Credits Hang in the Balance
U.S. Solar Industry Faces $20 Billion Risk as Tax Credits Hang in the Balance
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The U.S. residential solar market, valued at $20 billion, stands at a crossroads as Senate Republicans weigh a House-approved bill threatening critical tax incentives. Industry leaders warn the legislation could destabilize rooftop solar adoption by stripping credits for both leasing companies and homeowners—a financial mechanism pivotal to the sector’s growth.
Market headwinds compound the threat. Rising interest rates, fresh tariffs on imported solar equipment, and dwindling state-level support have already strained the industry. The proposed cuts risk triggering a cascade of business failures and stalled installations.
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