President-elect Trump’s appointments of Scott Pruit, Rick Perry and Rex Tillerson raise serious concerns about the future of the renewable energy industry in this country for at least the next four years. Trump’s own views on climate change and renewables, though they occasionally waiver, are concerning, as well.
I recently published an article on LinkedIn Pulse about what I see as the four critical policy areas that the administration could directly influence that will strengthen or impede the success of the solar industry, specifically. My hypothesis is two-fold:
- The new administration will create, repeal or modify policies that will lower the cost of energy production from fossil fuels. This will make the financial case for solar (and wind, for that matter) less compelling relative to natural gas or coal.
- Despite that, solar adoption will continue to rise—albeit perhaps more slowly than it would under a different administration—because, for differing reasons, states, cities, utilities, large companies, and consumers still want solar.
I hope you enjoy the article.