Feed: Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics
Feed Link: https://www.engadget.com/
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Title: Solar trade association warns of 'devastating energy shortages' if
incentives are cut

Date: Tue, 20 May 2025 21:46:08 +0000
Link: https://www.engadget.com/science/solar-trade-...

The Solar Energy Industries Association released an assessment of how the
budget reconciliation bill currently under review in Congress would have a
negative impact on the economy. The legislation cuts incentives around solar
power investment and adoption, such as the Section 25D residential tax
credit.

The group's analysis found that the bill, as it stands, would lead to the
loss of nearly 300,000 current and future jobs in the US. It also said
removal of incentives could mean a loss of ΓÇïΓÇï$220 billion in investment
in the sector by 2030. It also pointed to a future energy shortage, claiming
that solar was on course to be responsible for about 73 percent of the 206.5
GW of new energy capacity needed in the country by 2030.

ΓÇ£Passing this bill would create a catastrophic energy shortfall, cede AI
and tech leadership to China, and damage some of the most vital sectors of
the U.S. economy,ΓÇ¥ SEIA President and CEO Abigail Ross Hopper said.

It's the type of reaction we expect to see when an industry is under threat
from federal action. It's also the type of researched data that doesn't seem
to have much influence on the current administration, particularly when it
comes to the environment and sustainability.

This article originally appeared on Engadget at
https://www.engadget.com/science/solar-trade-...
energy-shortages-if-incentives-are-cut-214607526.html?src=rss

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