Policy-Driven Success: The Inflation Reduction Act's manufacturing incentives have enabled over $34 billion in announced investments, with credits ranging from $0. 07 per watt for modules to $3 per kilogram for polysilicon, creating bipartisan political support. . China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV value chain since 2011. 0 billion in Q1 2025—primarily driven by the electric vehicle supply chain. Companies have announced 380 clean technology manufacturing facilities since the bill was signed into law on August 16, 2022. . Supply Chain Gaps Remain Critical: While module assembly is strong, wafer production represents the biggest weakness in the US solar supply chain, with virtually no commercial production currently operational, forcing even “Made in USA” panels to rely on imported components. Strong federal policies like the solar Investment Tax Credit (ITC), rapidly declining. . The U. 2 terawatts as of the end of 2024.
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