Hey guys,
Im hoping to get some opinions on where the future of renewable is headed over the next couple years due to the Inflation Reduction Act. I think vLogBrothers does a great job explaining where all the cash will be flowing in his YouTube Video - The Biggest Climate Bill of Your Life but What Does It Do.
The new budget has enormous amounts of cash carved out for domestic production for turbines, solar cells, batteries, etc. On one hand, it seems like this should drive the cost down substantially, especially for batteries and solar. I believe it will take several years however to feel the impact because it takes time to ramp up production and for those products to hit the market.
On the other hand however, 30% is an incredibly inticing slice taken out of your expenses for new projects. I can see this driving demand way up, maybe causing a short term increase in prices? Or perhaps it won't really do anything; we were still in the 24% range before the bill was passed, so those who were interested or on the fence have already pulled the trigger.
I'm excited to hear what y'all's opinions are about it.
Im hoping to get some opinions on where the future of renewable is headed over the next couple years due to the Inflation Reduction Act. I think vLogBrothers does a great job explaining where all the cash will be flowing in his YouTube Video - The Biggest Climate Bill of Your Life but What Does It Do.
The new budget has enormous amounts of cash carved out for domestic production for turbines, solar cells, batteries, etc. On one hand, it seems like this should drive the cost down substantially, especially for batteries and solar. I believe it will take several years however to feel the impact because it takes time to ramp up production and for those products to hit the market.
On the other hand however, 30% is an incredibly inticing slice taken out of your expenses for new projects. I can see this driving demand way up, maybe causing a short term increase in prices? Or perhaps it won't really do anything; we were still in the 24% range before the bill was passed, so those who were interested or on the fence have already pulled the trigger.
I'm excited to hear what y'all's opinions are about it.