President Joe Biden’s Inflation Reduction Act (IRA) includes tax incentives to boost domestic solar manufacturing. However, U.S. manufacturers are waiting for clarification on whether additional incentives for sourcing U.S. materials would apply to products that contain some imported components.
Moreover, Edurne Zoco, Executive Director, Clean Technology & Renewables, S&P Global Commodity Insights, believes that the incentives are encouraging but are “not to the scale the U.S. market needs.”
