The Inflation Reduction Act: Opportunities and Challenges for the Solar Industry

August 30, 2022

The Inflation Reduction Act: Opportunities and Challenges for the Solar Industry

August 30, 2022

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The Inflation Reduction Act: Opportunities and Challenges for the Solar Industry

Recently, an article in pv magazine on the promising benefits of the Inflation Reduction Act caught our attention.

The Act is a bill that just passed the Senate on August 7th, and contains over 370 billion dollars for renewable energy spending, along with several related tax credits for both households and industry.

While this, in itself, is great news for solar, the article from pv mentioned a Rapid Energy Policy Evaluation and Analysis Toolkit (REPEAT) report from Princeton University, in partnership with Dartmouth College, Evolved Energy Research, and Carbon Impact Consulting, examining the Inflation Reduction Act's long-term impact on the US solar industry.

The conclusions are encouraging, to say the least.

Here are some of the positive outcomes the authors of the report expect:

- Solar deployment rates will grow rapidly in the coming years, from 2020 rates of 10 GW/year to five times as much by 2024 (49 GW/year), going up to well over 100 GW/year by 2030;

- Investment in the solar industry will increase to $321 billion in 2030, almost double the $177 billion projected under the current policy;

- Annual US energy expenditures will fall by over 4% in 2030, which will lead to added savings of over $50 billion for households, businesses and industry.

These developments will only expand the demand for solar, ensuring steadily increasing profits for more than a decade.

However, as solar consultants know all too well, high demand and sales lead volume often come with many challenges:

- The more leads pile up, the harder it becomes to properly manage them;

- Leads that aren't worked on get ignored, and are ultimately abandoned;

- Potential clients are thus lost, and one's reputation suffers.

This means that, to take on these challenges, solar consultants should be equipped with tools that will allow them to handle large amounts of leads in a short amount of time, and as easily and efficiently as possible.

And this is exactly where SolarPipeline makes all the difference.

Built from the ground up by solar industry veterans, SolarPipeline is an all-in-one turnkey solar CRM program that aims to make life as easy as possible for all solar consultants, by streamlining the entire sales process into a single intuitive experience.

One of the ways in which it achieves this, is by integrating every sales lead into one single dashboard, allowing users to quickly and smoothly track and follow up on all of them at any given time.

And, beyond the program itself, the SolarPipeline team also provides personalized web development, virtual assistant, and social media management services to its users, thereby freeing them up even more to focus on expanding their brand.

The years ahead present both opportunities and trials for solar consultants. SolarPipeline seeks to help them overcome these trials, and make the most of the opportunities.

For a full list of features and to book a Demo, visit solarpipeline.com/calendar

And, if you want to get a free quote and design, from a certified Solar Consultant, click here.

The solar pipeline is owned, managed, and operated by experienced solar industry experts who have a passion for helping businesses to grow in a profitable and sustainable way.

Solar pipeline is owned, managed, and operated by experienced solar industry experts who have a passion for helping the businesses to grow in a profitable and sustainable way.

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