Weekly Solar Industry Insights: May 26 – June 1, 2025

Urgent Action Required to Secure U.S. Solar Tax Credits Amid Legislative Changes

New legislation in the U.S. may end solar tax credits for projects not operational by 2028. To stay eligible, developers must spend at least 5% of total project costs now, before the bill passes. Suppliers like PV Hardware USA are offering safe harbor equipment to help. Industry leaders warn that the change could harm solar manufacturing and result in the loss of thousands of jobs.

U.S. Solar Group Warns of Duty-Free Import Surge

The American Alliance for Solar Manufacturing urged the U.S. trade panel to stop a surge of duty-free solar imports from Southeast Asia. With the tariff moratorium ending, they warn that imports threaten U.S. solar makers and clean energy growth.

US Solar Industry Races to Secure Tax Credits Before Deadline

The US solar sector is rushing to “safe harbor” equipment by spending at least 5% of project costs before new legislation cuts tax credits for projects not operational by 2028. Developers are fast-tracking purchases and stockpiling components to qualify for the Investment and Production Tax Credits. Industry groups warn that the proposed law could threaten hundreds of solar manufacturing jobs and reduce solar power generation. The Senate is currently reviewing the bill as the industry moves quickly to protect incentives.

Texas House Rejects Anti-Solar Bills

The Texas House has defeated several proposed bills aimed at restricting the growth of solar energy in the state. These anti-solar measures, which included limiting solar installations and penalizing solar users, failed to gain enough support amid strong opposition from renewable energy advocates. The rejection signals continued momentum for solar expansion in Texas despite ongoing challenges from utility companies and some lawmakers. This decision is seen as a positive step toward promoting clean energy and supporting solar adoption in the region.

India Installs 5.93 GW Utility-Scale Solar in Q1 2025

India added 5.93 GW of utility-scale solar capacity in Q1 2025, up 12.2% from the previous quarter. Rooftop solar grew by 1.34 GW. For the fiscal year ending March 2025, total utility-scale solar reached 16.9 GW, a 47% increase year-over-year. Rooftop solar installations rose 72% to 5.1 GW.

China Solar Module Prices Stable Despite Market Caution

China’s TOPCon and Mono PERC solar module prices held steady at around $0.083/W in late May 2025 after recent declines. Despite strong early-year demand driven by policy deadlines, concerns over oversupply and high inventories are causing a cautious market outlook. In the U.S., prices vary due to tariffs, with buyers cautious in forward contracts. The market faces uncertainty from supply, demand, and trade factors.

Information Source: PV Magazine