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Taxes No Longer Certain -- And That's Affecting Solar Deals

  • Every week ‘is going to be the week for tax reform,’ SEIA says
  • Tax equity for solar farms totaled $5 billion last year
SolarCity Corp. employees install solar panels.
Photographer: Michael Nagle/Bloomberg
Updated on

Even without any specific tax-reform proposals, President Donald Trump’s pledge to revamp U.S. policies is already affecting the solar industry, and not in a good way.

“It’s causing disruptive effects on finance,” Abigail Ross Hopper, president and chief executive officer of the Solar Energy Industries Association, said in an interview Monday at Bloomberg New Energy Finance’s Future of Energy Global Summit in New York. “Costs are going up.”