Workers installing solar panels over Newton North High School parking lot in Newton, Massachusetts, USA, in 2020. A new report Thursday from Solar Energy Industries Association and Wood Mackenzie said the Inflation Reduction Act will boost U.S. solar energy by 40% through 2027 Photo by Arnold Reinhold/Wikimedia Commons
Sept. 8 (UPI) — The U.S. solar energy market will get a 40% boost from the Inflation Reduction Act, according to a report released Thursday by the Solar Energy Industries Association and Wood Mackenzie.
The report estimated the legislation would result in an additional 62 gigawatts of solar installations over baseline projections, boosting total total solar installations to 336 gigawatts by 2027, nearly triple the current 129 gigawatts.
“This report provides an early look at how the Inflation Reduction Act is going to transform America’s…