The Inflation Reduction Act caught our attention.

The Act is a bill that just passed the Senate on August 7th, and contains over 370 billion dollars for renewable energy spending, along with several related tax credits for both households and industry.

While this, in itself, is great news for solar, the article from pv mentioned a Rapid Energy Policy Evaluation and Analysis Toolkit (REPEAT) report from Princeton University, in partnership with Dartmouth College, Evolved Energy Research, and Carbon Impact Consulting, examining the Inflation Reduction Act's long-term impact on the US solar industry.

The conclusions are encouraging, to say the least.

Here are some of the positive outcomes the authors of the report expect:

- Solar deployment rates will grow rapidly in the coming years, from 2020 rates of 10 GW/year to five times as much by 2024 (49 GW/year), going up to well over 100 GW/year by 2030;

- Investment in the solar industry will increase to $321 billion in 2030, almost double the $177 billion projected under the current policy;

- Annual US energy expenditures will fall by over 4% in 2030, which will lead to added savings of over $50 billion for households, businesses and industry.

These developments will only expand the demand for solar, ensuring steadily increasing savings for homeowners for more than a decade.

And this is exactly where Free Solar Texas team makes all the difference.

We are a team of experienced solar energy engineers and consultants that has successfully partnered with many prominent and established Solar Energy companies in Texas and from all across the U.S., which have successfully completed thousands of solar projects.

Thanks to our experience and trustworthy partners, we can help you find the right solution for your particular energy needs.

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