The leading U.S. solar-trade group is warning the fallout from the coronavirus could slash the industry’s workforce in half.
“As the stock market tanks, tax-equity markets are drying up making it even harder for solar companies to utilize tools like the solar investment tax credit,”
It’s a stark change from a month ago, when solar jobs were
Convincing the Senate to add a provision allowing for direct payments for renewable energy into the virus relief bill is apt to be difficult because Democrats have already opposed specific benefits for the oil and gas industry, said
“It’s a tall order,” Martin said in an interview, adding that the renewable energy industry hasn’t been hit as hard as airlines, hotels and other industries pushing for immediate relief. “Congress will need to show some foresight to address what is around the next bend in the road.”
(Adds additional quote from attorney in final paragraph.)
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