Tariffs up to 65% are a black cloud over renewable energy projects and rural income

The Darkening Consensus of Renewable Energy Insiders

As the Senate deliberates gutting the Inflation Reduction Act’s clean electricity tax credits, renewable energy developers and industry insiders are split about how bad things might get for the sector. But the consensus is that things will undoubtedly get worse. Almost everyone I talked to insisted that solar and wind projects further along in construction would be insulated from an IRA repeal. Some even argued that spiking energy demand and oth…

Tariffs up to 65% are a black cloud over renewable energy projects and rural income

DETROIT LAKES — Despite record-high wind and solar generation, the U.S. renewable energy sector faces uncertainty. Tariffs and potential repeals of federal funding are creating roadblocks to the further buildout of energy projects. Wind, solar, and other renewable energy projects have helped revitalize rural communities by creating jobs, generating new tax revenues, and providing lease payments to landowners. However, energy projects rely on glo…