Energy Sector & President Trump’s Election
Springfield, MO – [11/12/2024] – Sun Solar responds to the recent election of President Elect Donald Trump with insights into how this will impact the energy sector and the renewable energy movement in the United States.
As Caleb Arthur, CEO and Founder of Sun Solar, noted, “The election of President Trump signals a potential shift in energy policy, and we expect this new administration to prioritize traditional energy sources. However, the growth of renewable energy and jobs in the industry remain resilient due to significant advancements in technology, consumer demand for energy independence, and the economic benefits solar provides for homeowners and businesses alike.”
The renewable energy industry has faced challenges before but has continued to expand due to market forces and consumer interest in sustainable energy options. “While there may be changes, our team at Sun Solar remains committed to empowering communities in Missouri, Kansas, and Illinois to achieve energy savings and environmental stewardship,” Arthur said.
Arthur emphasized the importance of looking beyond politics to recognize the global trends driving renewable energy. “The economics of solar have evolved to a point where solar energy can stand competitively with fossil fuels, even in uncertain political climates. We believe consumers will continue to prioritize clean energy options because it’s what is best for their energy costs and for the environment.” Caleb also mentioned the Inflation Reduction Act. “The Inflation Reduction Act has good parts and parts that could be changed to reduce taxpayer costs, while still supporting the industry.”
Arthur noted that President Trump’s proposed tariffs, including a 10% tariff on all U.S. imports and a 60% tariff on Chinese-made products, could bring new opportunities for American manufacturing. “We see these tariffs as a potential catalyst for domestic growth within the solar industry, encouraging U.S.-based companies to expand production and reduce reliance on foreign components,” Arthur stated. “At Sun Solar, we’re actively exploring partnerships with domestic manufacturers to strengthen our supply chain and keep costs competitive for our customers.”
While tariffs may prompt shifts in pricing and sourcing strategies, Arthur believes this policy could foster a stronger American solar industry. “Supporting U.S.-based manufacturing can boost local economies and create job opportunities, aligning well with Sun Solar’s commitment to community growth and sustainable energy solutions,” he said.
Arthur concluded that the transition to renewable energy remains a resilient and market-driven trend, largely unaffected by policy shifts. “Solar energy has matured to where it stands competitively alongside traditional energy sources, and demand for clean energy continues to rise. We’re confident that consumers will increasingly prioritize renewable energy options, regardless of political changes, because it benefits both their bottom line and the environment.”
Sun Solar will continue to monitor federal policy developments closely while actively supporting initiatives that encourage a clean energy future. “We are determined to adapt and continue leading in this industry, delivering reliable and affordable solar solutions to our customers regardless of changes at the federal level,” Arthur stated.
Media Contact
Jacques McNeese
Marketing Manager, Sun Solar
jmcneese@ussunsolar.com
417-848-0973
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