Key Stats

Tackling the Climate Crisis With Solar

50 GW

of solar manufacturing production by 2030

Building a Robust Solar and Storage Manufacturing Future

SEIA’s 100 GW target is designed to increase the U.S.’s ability to supply not only domestic solar energy projects but also export markets. The target also recognizes the benefits of an integrated global supply chain and an important role for imports. It is not intended to isolate U.S. renewable energy industries from the rest of the world.

So how do we get there? It will require maintaining, altering, and supplementing long-term federal investments, and a suite of policy options designed to: (i) incentivize investments in manufacturing capacity; (ii) support ongoing factory production; and (iii) provide demand certainty. All three investments are essential.

We must also recognize that change will not happen overnight and that imports will continue to be necessary to meet our climate change goals.

SEIA’s recommended suite of federal investments includes:

  • Increasing access to low-cost capital, e.g., long-term, low-interest loans (capacity);
  • Maintaining and evolving incentives for investments in facilities and equipment, e.g., manufacturing tax credit (capacity);
  • Maintaining and evolving tax credit incentives for domestic production, e.g., linked to factory output (production);
  • Federal purchases of domestically produced equipment (demand); and
  • Maintaining the investment tax credit to provide demand certainty (demand).

SEIA’s target of 50 GW of annual solar energy manufacturing capacity by 2030 is not about picking winners or losers or favoring domestic products over imports. Rather, it is a recognition that a strong renewable energy manufacturing base is good for America’s national security and economic well-being.

 

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