By TR Ludwig – Brooklyn SolarWorks
Published March 13, 2025
Given the Trump administration’s past approach to renewable energy, solar developers and installers nationwide are bracing themselves for another period of lack of support for renewables.
But the success of the Inflation Reduction Act’s (IRA) support for renewable development, in blue and red states alike, has broadly showcased the benefits of renewable energy development. According to an analysis conducted by E2, about 60 percent of all IRA-related clean economy projects – and 85 percent of total private-sector investments announced so far – have gone to Republican congressional districts.
Thanks to the IRA’s proven boost to state economies, the Trump administration may be hard pressed to shift the industry’s momentum.
Perhaps the most crucial item to monitor for residential and commercial solar developers is the Investment Tax Credit, which currently provides 30 percent credit for solar installations. This credit has been guaranteed through 2034 with the passage of the IRA, but some believe the credit may find its way to the chopping block under Trump’s leadership.
And while the loss of that credit could hurt the affordability of solar in numerous states, New York State and New York City specifically find themselves in a place of resiliency, with local and statewide incentives safeguarding solar’s success for the foreseeable future.
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