Uncertainty mounting: Solar technicians install panels on a roof in Ohio. The industry has been struggling despite subsidies from former President Joe Biden’s Inflation Reduction Act. — AP
WASHINGTON: The troubled US$20bil US residential solar market’s future rests on whether Senate Republicans will challenge their brethren in the House of Representatives and change provisions of the massive tax and spending bill that executives and analysts alike say would devastate the industry.
The bill passed by the House last week would strip away tax credits for companies that lease rooftop solar systems as well as homeowners who buy them outright.
