Too Early To Grade. The need to grade the IRA before the rules are barely written, unwritten and factories still under construction are missing the point. Solar and storage will be 81% of the grid additions this year. With energy demand scheduled to double in the next 25 years, that trend will continue which means the supply chain needs to keep up with hopes of that coming shoreside increasing, the IRA’s impact will have decades to show its impact. The transferring of tax credit is already clearly a winner, billions have already transacted. The 45x credits for domestic manufacturing is massive, primarily for trackers and inverters so far, even with the resi solar market having a moment of headwind. That’s just where we are today, so everyone knock it off with the grading on a generational policy.
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Opinion
Best, Yann