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New solar tariffs could boost NC’s burgeoning electric economy

New solar tariffs could boost NC’s burgeoning electric economy
The Biden administration raised tariffs on several clean energy products last week. Meanwhile, federal incentives for clean-tech manufacturers spurred billions in private, clean-energy investments in North Carolina, bringing solar panel and battery manufacturing to the state as the government tries to increase domestic clean-energy capacity.

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The Biden administration has recently raised tariffs on several clean energy products, including bifacial solar panels, in an effort to boost domestic clean tech production. This move is part of a larger plan to increase domestic clean-energy capacity and benefit North Carolina businesses. The state has seen billions in private, clean-energy investments and solar panel and battery manufacturing as a result of federal incentives. The demand for solar is expected to continue growing as North Carolina pursues its 2030 emissions reductions goals. Additionally, the state currently ranks fourth in the U.S. for solar deployment, with solar power surpassing coal in energy production. These changes are expected to help continue to grow the market for domestic solar manufacturing.

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