The bill is also giving an additional 10% tax credit for buying US made solar equipment, so they're subsidizing that too.
Except the US doesn't really make any of that. Or if it does, regulatory, environmental and labor costs would make US panels >10% more expensive than Chinese. Unless by 'made', what they really mean is 'assembled' where the environmental costs are simply off-shored as usual. And US costs won't reduce unless there's deregulation, and neither will labor and other manufacturing costs given the 'energy crisis' and high energy prices. All largely the result of lobbying and policy failures. But this is all based on an 'Inflation Reduction Act' that does the exact opposite by printing more money to be wasted on scams like this.
Biting the hand that feeds IT
