Forbes:

A recent Forbes report indicates a significant downturn in the solar industry, triggered by federal tax credit reductions that previously incentivized residential and commercial growth. The policy change has resulted in immediate repercussions, including project stagnation, reduced contractor pipelines, increased consumer costs, and heightened investor hesitancy, underscoring the sector's sensitivity to policy fluctuations. Dr. Janel Hills, Co-founder of Monochrome Consulting, emphasized the severity of the situation, predicting potential business closures for contractors and the possibility of up to 75,000 job losses directly attributable to the policy changes. Despite these challenges, the report suggests a path to resilience for solar companies. It encourages leveraging existing strengths and diversifying into adjacent markets to create new revenue streams and ensure long-term stability. Recommended strategies include expanding into energy efficiency solutions, HVAC upgrades, and battery storage systems. Dr. Hills advises industry leaders to maintain a mission-driven, innovative, and collaborative approach while remaining realistic and providing reassurance.