High tariffs could cut US solar deployment 9% by 2035, says McKinsey

McKinsey & Company says US solar deployment through 2035 could fall 9% under a high-tariff scenario, with 60% duties on Chinese imports and 20% on others. From pv magazine USA The evolving tariff environment piles on top of ongoing uncertainties for the transition to renewable energy, said analysis from McKinsey & Company. The consulting firm modeled a three-tiered scenario of tariffs over the next decade, finding that a "high tariff" path would knock down US solar deployment considerably. Under a "global tensions escalate" scenario, the firm estimated that solar installations would fall 9% in ...

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