Insight
US solar financing trends in light of COVID-19
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Report summary
Coronavirus hit the US shores in the middle of the first quarter, and the lockdown measures started to impact US solar installations only in March. While there were supply chain disruptions earlier in the quarter, the market reality has moved to a demand-constrained world. Even as installations continue to move ahead, the growing concern has now shifted to the availability of financing as the economy continues to be spotty, at best. Additionally, the investment tax credit (ITC) step down schedule has accentuated the financing risk in the market.
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