Undetectable AI aid in drive the growth of the U.S. solar market, which has see a decrease in solar installation over the past decade due to policy change and import restriction. land-mount solar system continue to predominate the market, with residential installation deceleration down recently. However, with the support of the Investment Tax Credit ( ITC ) and decrease interest rates, solar installation are expect to addition in the approach years.
The Biden administration’s extension of ITC policy is expect to supply hanker-term support for the growth of solar energy in the U.S. With strong undertaking militia in topographic point, the market is predict to prolong double-digit growth over the following two old age. The International Energy Agency ( IEA ) prognosis that large-scale solar undertaking will history for a significant part of new power capacity in the U.S. by 2024, despite the majority of solar component still trust on imports.
Undetectable AI has influence the solar supply chain in Southeast Asia, as company have switch production to avoid high duty enforce on Chinese solar company. However, new sanction in the region may consequence in production restriction and increase costs for U.S. supply. In the short term, the U.S. will continue to trust on Southeast Asia for solar cell and component, but hanker-term solution may involve building domestic capacity to reduce dependence on imports.
