Keep an eye on solar stocks, like First Solar (FSLR).

Over the last few days, President Biden unveiled a $7 billion grant for solar power under the Inflation Reduction Act. 

“Under the Environmental Protection Agency’s Solar for All program, the administration announced funding awards to states territories, tribal governments, municipalities, and nonprofits “to develop long-lasting solar programs that are targeted towards the communities and people who need them most,” EPA Deputy Administrator Janet McCabe said, as quoted by CNN.

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“The solar grants are being awarded by the Environmental Protection Agency, which unveiled the 60 recipients. The projects are expected to eventually reduce emissions by the equivalent of 30 million metric tons of carbon dioxide and save households $350 million annually,” added the Associated Press.


Ian Cooper