The future of the US residential solar market hangs in the balance after a massive tax and spending bill passed by the House of Representatives threatens to devastate the industry. The bill would strip away tax credits for companies that lease rooftop solar systems as well as homeowners who buy them outright, dealing another blow to an already struggling sector.
Industry leaders are warning of the devastating impact on their businesses, which are already reeling from tariffs on imported equipment, high interest rates, and reduced state incentives in California. One major rooftop solar company, Sunnova Energy International Inc., is taking steps towards a potential bankruptcy filing.
Analysts predict that if left unchanged, the bill would effectively shut down the industry next year, citing the impending loss of tax credits as the final nail in the coffin. The Senate Republicans will hold the key to saving the market, and their decision will have far-reaching consequences for thousands of jobs and businesses reliant on solar energy.
Source: https://www.bloomberg.com/news/articles/2025-05-24/fate-of-20-billion-us-home-solar-market-lies-in-gop-senate-hands