It was going to be difficult for the solar industry to eclipse therecord yearit experienced during 2023.
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Despite those apparent hindrances, the solar industry has continued chugging along during 2024.
And experts say it’s not going to be easy to slow it down.
2024: A rough year for solar companies?
It’s in residential solar installations where the numbers have been bleak during 2024.
But not an unexpected one.
“Solar is a product that is mainly financed,” he said.
The law includes the single biggest incentive for residential solar – a30% tax credit.
Fields concurs, to a degree.
“We’re sort of in a wait-and-see mode,” he said.
What do consumers need to know?
It’s unknown what the next presidential administration could or would do to alter the residential solar landscape.
All the while, solar components – panels, etc.
– are continuing to get cheaper.
“An awesome amount of solar is being installed and brought online,” Hirs said.
So if you’re interested in solar, it’s still worth considering.
“There’s nothing new under the sun,” he says.
