Jun. 16 at 5:43 PM
$SPWR $ENPH $RUN $SEDG Just in from Bloomberg. Thanks Trump
By Zahra Hirji
The US residential solar industry is cratering after President Donald Trump eliminated a key tax credit for homeowners to install solar panels last year — and it’s dragging down residential battery additions, according to a new BloombergNEF report.
The US is expected to add 4.1 gigawatts of residential solar in 2026, down 15% from 2025, according to a BloombergNEF projection. That would mark the lowest level of new residential solar installations in five years.
“The market is not expected to recover to the record levels of 2023 anytime in the next decade,” the report states.
The main reason for the anticipated drop in home solar is the sunsetting of a 30% tax break for homeowners late last year under the One Big Beautiful Bill, explains BloombergNEF’s June 15 report. This has made solar systems more expensive for consumers. Meanwhile, tariffs and other factors have raised costs for solar equipment too.
