What Trump's return means for solar industry

Business
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Wm. Brett Burgett, President/Co-CEO, Kokosing, Inc. | https://kokosingsolar.com

Kokosing, a company with over 70 years in the power industry, has been adapting to changes in technology and market demands. The firm has undertaken projects ranging from air-quality upgrades at conventional power stations to constructing utility-scale natural gas plants. Currently, Kokosing is involved in solar, energy storage, and infrastructure projects.

As President Trump prepares to return to office in January, there is curiosity about how the new administration might impact the solar industry. Kokosing's team plans to continue providing guidance on changing energy policies. "Policy change is just part of the constantly evolving world of energy," states the company.

The current federal benefits for solar energy include residential and commercial tax credits and grants. Experts predict significant policy changes under the new administration, though these are expected to take time. There is an established precedent for implementing changes that protect existing investments through mechanisms like "grandfathering" or "safe harbor rules."

Kokosing anticipates optimism regarding solar's role in America's energy strategy as businesses lock in operational costs and homeowners gain energy security. The reliability of solar technology is emphasized due to its free fuel source—sunshine—and its growing manufacturing base within the U.S.

Electricity demand continues to rise with AI computing and data centers increasing pressure on utility grids. Solar generation resources can be located near usage points, aiding grid reshaping efforts.

Kokosing believes American innovation will drive solar growth regardless of policy shifts. They monitor local, state, and national policies closely for updates that could affect their clients' decisions.

For those considering solar installations, Kokosing suggests acting now to maximize current tax credit benefits and secure long-term savings.