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Solar power could represent 40% of U.S. electrical generation and could sustain as many as 1.5 million jobs by 2035, according to a report on the Biden administration’s solar policies released by the White House on Tuesday.
To decarbonize the U.S. grid by 2035, the nation must deploy solar at three to four times the current rate, according to the report. The extension of investment and production tax credits by Congress could increase the rate of deployment, as could new incentives for storage and transmission projects, the report says.
Solar industry groups praised the report for highlighting the industry’s growth and potential, and expressed optimism that it signals potential reforms to tax policy and other potential incentives.