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flag 2024 Q2: US solar industry added 9.4 GW of capacity, boosted by IRA; 75 GW total growth since enactment.

flag In Q2 2024, the U.S. solar industry added 9.4 GW of capacity, largely due to the Inflation Reduction Act (IRA), which has boosted total capacity by 75 GW since its enactment. flag Despite a contraction in the residential market, growth is expected in 2025. flag Meanwhile, a report from Horizon Advisory warns that Chinese investments in U.S. solar manufacturing could reinforce China's dominance, potentially counteracting U.S. efforts to reduce dependence on foreign suppliers.

7 months ago
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