As the US solar industry continues to adjust to life under the One Big Beautiful Bill Act (OBBBA), Jesse Pichel and Lev Seleznov of Roth Capital Partners note two risks that are drawing attention across the market. These include the potential for a second reconciliation bill that could reopen elements of solar policy, and continued friction in tax equity and tax credit transfer markets tied to unresolved Foreign Entity of Concern (FEOC) and Prohibited Foreign Entities (PFE) guidance. Taken together, these issues show that policy risk has not disappeared for US solar – in some respects, it is evolving.
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