Solar Power Is Poised for Crisis in US Despite Federal Subsidies

Despite the generous tax breaks they are receiving from the Biden administration, many US companies planning to build solar factories can expect to suffer severely or fail altogether, according to an analysis by BloombergNEF.

The Inflation Reduction Act gives US manufacturers an “uncannily equal” subsidy to the cost of Chinese products, but limited availability of cheaper materials from Southeast Asia will pressure American companies, some to the point their plants won’t get built, solar analyst Pol Lezcano says in a report released Monday.

“I wouldn’t have a good night’s sleep if I was the supply chain manager for those ...