Energy
Solar CEOs bet that red state investments will protect them from threat of Trump repealing IRA
Key Points
- Clean energy tax credits under President Joe Biden's landmark Inflation Reduction Act could face the chopping block if the GOP sweeps the November elections.
- The GOP unanimously opposed the legislation and has repeatedly threatened repeal, arguing it is too costly.
- Solar industry CEOs believe the tax credits will prove durable because they support manufacturing in Republican districts.
- But some analysts say the risk of repeal is underestimated by investors.