The clean-energy boom is about to be transformed. In a surprise move, U.S. lawmakers agreed to extend tax credits for solar and wind for another five years. This will give an unprecedented boost to the industry and change the course of deployment in the U.S.
The extension will add an extra 20 gigawatts of solar power—more than every panel ever installed in the U.S. prior to 2015. The U.S. was already one of the world’s biggest clean-energy investors. This deal is like adding another America of solar power into the mix.
The impact: $73 billion in new investment in the U.S.