US SOLAR FACTORIES NEED MORE GOVERNMENT SUPPORT TO SUCCEED

U.S. efforts to build a domestic supply chain for solar energy components is stalled and will require urgent government action to support the factories needed to compete with China. The analysis by Guidehouse Insights, commissioned by the Solar Energy Manufacturers for America Coalition, said existing federal subsidies and trade policies are not enough to help U.S. producers succeed in the face of a global glut of solar equipment.

Many in the U.S. solar industry worry that the dozens of factories announced since passage of President Joe Biden's signature climate change law in 2022 may be uneconomical as global panel prices have collapsed due to a wave of new Asian production capacity."The biggest thing that we're looking for is a sense of urgency and a renewed commitment to achieving this goal," SEMA Coalition Executive Director Mike Carr said in an interview. "There's no fundamental reason why we can't have this industry here, but it does take a level of commitment and a willingness to keep the pressure up and respond to changing circumstances."

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