The U.S. clean energy sector is increasingly strained by high borrowing costs, anti-renewable energy policies, and tariffs, leading to significant corporate bankruptcies, including Sunnova Energy and Solar Mosaic. Investments in clean energy and electric vehicles have dropped by over $14 billion since January amid tightening financing conditions. The outlook for residential solar remains particularly dire, especially with Republicans pushing to eliminate federal tax credits for solar panels, which would devastate the market. Analysts warn a loss of these incentives would restrict half of the residential solar market, threatening the future of renewable investments.
The US clean energy industry is experiencing severe financial strain due to high borrowing costs, anti-renewables policies from Trump, and increasing tariffs.
Since January, over $14 billion in clean energy and electric vehicle investments have been called off or postponed, reflecting a troubling trend in financing.
The potential loss of federal tax credits for solar energy, currently debated, could halve the residential solar market, as noted by Roth Capital Partners analyst Phil Shen.
Sunnova's bankruptcy, following that of Solar Mosaic, illustrates the broader struggles in the solar sector amid rising costs and unfavorable policy changes.
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