The Washington Post analyzed how the new climate package will benefit production of solar technologies, quoting AEE's Harry Godfrey on the impact. Read snippets below and the full article here.
The bill, negotiated in part by Sen. Joe Manchin III (D-W.Va.), would deliver billions of dollars in tax and other incentives to U.S. solar manufacturers, equipping them with government support on a scale of those China used to corner the market.
“This is a historic climate bill, but it’s also one of — if not the — most significant industrial policy bills of this era,” said Harry Godfrey, who oversees domestic manufacturing policy for Advanced Energy Economy, a trade group that represents clean tech companies eager to ramp up U.S. production.
The boost to the industry comes at a time of solar power reckoning for America.
Bringing back domestic production is no longer a nostalgic aspiration. It is a national security issue. Solar panels produce some of the cheapest electricity, a significant asset at a time of skyrocketing energy prices and aggressive climate targets. China’s domination over the solar supply chain also poses an ever-growing threat to America’s energy independence and financial health.
Read the full article here.