US solar installation forecast slashed due to Trump policies, report says
A report released by a major trade group on Monday warned that the U.S. Solar Industry could install 27% less capacity in 2026- 2030 than it did before President Donald Trump passed his tax law, which rolled back subsidies to such projects. Why is it important? The Solar Energy Industries Association (the industry's leading U.S. trade group) and Wood Mackenzie's energy research firm have forecast that the Trump administration will stifle the development of clean energy sectors, which was at the core of former president Joe Biden’s climate change agenda. KEY QUOTE Abigail Ross Hopper is the president and CEO of this group. She said that the Trump administration deliberately stifles investment. This is increasing energy costs for businesses and families, and compromising the reliability of the electric grid. BY THE NUMBERS
In the first half 2025, 82% of U.S. new electricity capacity was solar and storage.
In the first half 2025, domestic solar module production capacity will grow by 13 GW to total 55 GW.
Solar capacity will reach more than 75 percent in the states that Trump won in 2025, including Texas, Indiana and Florida.
Due to higher overhead costs, import tariffs, and increased permitting, utility-scale solar system costs rose 4%. Residential costs also rose 2%. (Reporting and editing by Clarence Fernandez; Nichola Groom)
(source: Reuters)
