Location, location, location
Location is all important, as evidenced by the US Inflation Reduction Act’s inclusion of incentive adders to drive local manufacturing. While it remains to be seen whether they will work, the concept is popular. Another location dynamic in solar is the location of policymaking, as most decisions are made at the local level. Nowhere is this more pronounced than in California.
There’s no question the extension of the Investment Tax Credit (ITC) is great news. But all that promise will be lost if Governor Gavin Newsom makes behind-the-meter solar too expensive for regular consumers. Manufacturing, some of which is still done in California, will be hurt along with local construction, distribution, finance, and sales. All because …
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