The Solar Energy Trade Association warns of “devastating energy shortage” if the incentives are cut off

The Association of Solar Energy Industries issued On how the budget reconciliation bill is currently being reviewed in Congress on a negative impact on the economy. Legislation reduces incentives on solar energy investment and adoption, such as tax credit for the 25D sector.

The group analysis found that the bill, as it is, will lead to the loss of about 300,000 current and future jobs in the United States. It also mentioned that removing incentives may mean a loss of $ 220 billion in this sector by 2030. He also pointed to a lack of energy in the future, claiming that solar energy was on its way to be responsible for about 73 percent of the new energy capacity 206.5 GW in the country by 2030.

“Pass this bill will create a shortage of catastrophic energy, relinquish Amnesty International and Technical Leadership to China, and damage some of the most vital sectors in the American economy,” said Abyel Ross Hopper, President and CEO of SEIA.

It is the type of reaction that we expect to see when an industry is threatened with federal work. It is also a kind of This does not seem to have a great impact on the current administration, especially when it comes to the environment and sustainability.