US Solar Industry Faces Crisis as Policy Changes Threaten Jobs
The US solar industry faces a potential crisis due to recent policy changes. These shifts, including the proposed 'One, Big, Beautiful Bill' from the American Legislative Exchange Council (ALEC), could halve the market size and lead to the closure of many solar companies, threatening hundreds of thousands of jobs.
The US economy has taken an inward focus, implementing tariffs and restrictions on imported goods. This move aims to boost domestic manufacturing and bring jobs back from overseas. However, this shift has led to a change in the policy landscape for US solar. Politics have turned against solar and renewables, with tax incentives being removed and planning and approval rules for solar projects being tightened.
The 'One, Big, Beautiful Bill' proposed by ALEC could contribute to stagnation or decline in the US solar industry. Industry experts predict that the US solar market could shrink significantly due to these policy changes, potentially leading to the dissolution of many solar companies.
The proposed policy changes, including the 'One, Big, Beautiful Bill', pose a significant threat to the US solar manufacturing sector. The industry could halve in size, leading to the loss of hundreds of thousands of jobs. Solar companies are facing an uncertain future, with many at risk of closure.
