在特朗普本周赢得美国总统选举后，美国光伏股已经遭受了一轮暴击。在美东时间周三大选结果揭晓后，美股Sunrun暴跌29.63%，Enphase Energy暴跌16.82%，第一太阳能跌10.13%，晶科能源跌14.31%，大全新能源跌8.11%。①Former President Trump once vowed that if he returned to the White House, on the first day in office, he would revoke the unused funds of the "Inflation Reduction Act" and cancel the tax credits for new energy. ②CEO of the American solar giant Sunrun believes that even if Trump wins the US election, it is 'extremely unlikely' to completely abolish the 'Inflation Reduction Act' and cancel tax credits for industries like solar energy.
On November 8th, after Trump won the US presidential election, the potential policy impact on industries such as solar energy in the US has been closely watched.
On Thursday, US East Coast time, the CEO of the largest residential solar company in the US, Sunrun, believes that even if Trump wins the US election, it will be difficult to completely cancel the 'Inflation Reduction Act', which means the Trump administration may not hinder the development of rooftop solar and battery systems in the US.
Is the 'Inflation Reduction Act' in jeopardy?
After Trump won the US presidential election this week, US solar stocks have been hit hard. Following the announcement of the election results on Wednesday US East Coast time, Sunrun's stock plummeted by 29.63%, Enphase Energy by 16.82%, First Solar by 10.13%, Jinkosolar by 14.31%, Daqo New Energy by 8.11%.
Due to Trump's continuous support for the traditional energy industry and skepticism towards the new energy industry, many investors are worried that after Trump takes office, he may revoke the support subsidies from the Biden administration for industries like solar energy.
In 2022, US President Biden signed the 'Inflation Reduction Act', planning to provide up to $369 billion in subsidies to support the clean energy industry, including domestic solar products.
However, Trump has frequently expressed remarks about abolishing the 'Inflation Reduction Act' and other policies.
For example, former President Trump and his advisory team once referred to the 'Inflation Reduction Act' as a 'harmful' legislation, claiming it impedes economic development. Trump also vowed that upon his return to the White House, he would revoke the unspent funds of the 'Inflation Reduction Act' on his first day in office and cancel new energy tax credits.
However, Sunrun CEO Mary Powell stated in an interview that it is 'highly unlikely' to completely abolish the 'Inflation Reduction Act' and eliminate tax credits for industries like solar energy.
"Americans want and need affordable and reliable energy, and the 'Inflation Reduction Act' is actually promoting the economy of many states nationwide, including many Republican-leaning states."
Republican lawmakers will support the 'Inflation Reduction Act'.
In fact, if Trump really wants to abolish the 'Inflation Reduction Act', he will need support from Congress.
However, as of now, most of the expenditures of the 'Inflation Reduction Act' have flowed to red states (traditionally Republican-leaning states) and swing states. For example, Texas has received $131 billion in subsidies from the 'Inflation Reduction Act', while Florida and Georgia have received $62 billion and $16 billion in subsidies respectively.
In these states, many Republican leaders have already stated that they will defend these projects - which will increase the difficulty for Trump to amend or abolish the 'Inflation Reduction Act'.
Sunrun's Powell also mentioned that the rooftop solar industry has received bipartisan support in different administrations in the past, and the company itself is in a 'very favorable position' to become a market leader in home battery storage.
Editor/Lambor