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Solar panel manufacturing shines in the US, but installations are falling
US solar manufacturing capacity has quadrupled.
The IRA established the Advanced Manufacturing Production Tax Credit (45X MPTC) for companies making certain clean energy technologies, including solar components. “The incentives in the IRA really catalyzed this growth [in manufacturing capacity],” Michelle Davis, lead author of the report and head of global solar at Wood Mackenzie Power & Renewables, said in an email to The Verge. That’s largely driven by California’s decision to lower rates utilities pay to residents who sell them excess power from new home solar systems, according to the report.
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