U.S. solar forecast ratcheted down as tariffs weigh

[Eugene]

Source: Reuters

BUSINESS NEWS MARCH 15, 2018 / 12:04 AM / UPDATED 5 HOURS AGO

U.S. solar forecast ratcheted down as tariffs weigh

Nichola Groom
3 MIN READ

(Reuters) - U.S. solar energy installations will grow slower than previously expected in the coming years due to the Trump administration’s tariffs on panel imports and new federal tax laws that will restrict investment in the clean energy source, according to a report published on Thursday.

Installations between 2018 and 2022 will be 13 percent lower than originally forecast, GTM Research said in the quarterly solar market report it conducts for industry trade group the Solar Energy Industries Association.

It will be years before U.S. solar installations again hit the peak level of 2016, GTM said. The market is not expected to return to the 15.2 gigawatts installed that year at least through 2023. In 2017, the United States installed 10.6 GW of solar, and 2018 is expected to be similar.

The slowdown marks a major shift for the solar industry, which has experienced runaway gains in the last decade thanks to government policies that support renewable energy and a sharp fall in the price of the technology.

-snip-

Read more: https://www.reuters.com/article/us-usa-solar/u-s-solar-forecast-ratcheted-down-as-tariffs-weigh-idUSKCN1GR0C5

[thbobby]

1. trump and gop

fuck up whatever they can. The only thing trump is good at is fucking up good work done by others. A petty and greedy little man and his organized crime party.

[dameatball]

2. News like this doesn't make much of a ripple, but it sucks.

Solar is basically a gift from God, if you will, but still we will not accept it. The only expense is the harnessing, storing and distributing, but the fuel is free. But no, the greedy bastards insist on fossil fuels.

[sinkingfeeling]

3. Yet some GOP moron wants to subsidize coal plants with taxpayer money.