Another Major Commercial Solar Company is Building a U.S. Factory
America’s solar market is continuing to expand. News has emerged this week, confirming that another major commercial solar company is bringing its manufacturing operations to the U.S.
Maxeon, a Singaporean solar panel manufacturer, will invest more than $1 billion to develop a solar panel plant in New Mexico. This will give the company better access to the growing U.S. market while also creating new jobs and helping to secure America’s clean energy future.
Thousands of New Jobs in the Solar Industry
Maxeon is a commercial solar company that develops panels used for residential and commercial rooftops. Its new facility will cost more than $1 billion and will generate more than 1,800 jobs. Maxeon will fund the facility partially through a Department of Energy loan program. This program was designed to attract new manufacturers to America, and it seems to be working so far.
Maxeon isn’t the only company that is expanding into the U.S. market. Q Cells (a supplier to New York Power Solutions) is another major manufacturer that is investing billions into its U.S. manufacturing facilities.
There are a few reasons for the rapid expansion of U.S. manufacturing…
- Solar panel tariffs have made it more expensive to import panels. These tariffs were designed to give the domestic market a chance to catch up.
- Manufacturers recognize that it’s more efficient to produce panels domestically. America boasts the world’s largest economy and the potential for solar is huge.
- There are significant tax benefits and incentive programs for solar manufacturers, making now the perfect time to start building factories in America.
Having more domestic manufacturing facilities can be a huge benefit to consumers. More availability could help to keep prices competitive in the coming years. Supply chain issues will also be prevented. In the past, America has been heavily affected by external factors that negatively influence the price of solar panels. Bringing manufacturing closer to consumers should help to prevent this.
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If you’re thinking about having a New York solar installation at your home, our team is ready to make the experience easy and stress-free.
New York Power Solutions is one of the most experienced installers in the state. Our team has completed more than 5,000 installations for homes and businesses in New York. We’ll take you through a detailed consultation process so that you can learn about the best type of system for your home, based on your needs and energy demands.
Solar power is one of the most effective ways to save money. With inflation and high energy prices, the savings you enjoy could even get better over time. There are options to customize your system with solar battery backup so that you can enjoy maximum savings and the best reliability, even if the rest of the grid goes down.
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Our team can provide a free estimate for solar power in New York, along with a cost/benefit breakdown that helps you to see the true value of solar over time. Through the years, solar can pay for itself in savings. With the information we provide, you’ll be able to make the right decision for your unique needs.
Start by contacting us for your free solar estimate. Initial estimates use the latest satellite data. If you like the ballpark numbers, then you can proceed with an on-site inspection and energy consultation before your final quote. The world’s largest commercial solar companies are investing in America. You could also invest in solar for your home and enjoy savings for decades to come.