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Even $370 Billion in US Incentives Won’t Solve All of Solar’s Struggles

Bloomberg · Brian Eckhouse · last updated

While the Inflation Reduction Act calls for a huge injection in clean energy spending, the industry still faces supply snarls, trade tensions and delays in connecting to power grids.

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Related Knowledge Center: ENERGY BASICS: solar

State of Play

Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.

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