Solar Installation Forecast Slashed Amid Rising Costs

Solar Installation Forecast Slashed Amid Rising Costs, Sinking Govt Subsidies

Solar Installation Forecast Slashed Amid Rising Costs

The U.S. solar industry might install 27% less capacity between 2026 and 2030 than projected before President Donald Trump’s tax law rolled back subsidies for renewable projects, according to a report released Monday.

Solar power is getting more expensive. Utility-scale solar costs rose 4%, residential costs increased 2%, and commercial system costs climbed 10% in the second quarter.

Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), which co-authored the report with research firm Wood Mackenzie, is upset the subsidies are down and costs are up.

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