This is your SolarWakeup for June 7th, 2023

SEIA Clout Expansion. Having spent the last few days in DC for the SEIA board meeting and administration briefings, I’m in awe of how far this industry has come. SEIA’s leadership under the stewardship of CEO Abby Hopper makes the calls and gets calls back from the agencies doing the hard work of implementing the IRA. On Monday, positive feedback was heard from Departments of Labor, Interior, Energy and Treasury on how and when the rules would come out. The ended with a grand finale with John Podesta, who’s running the IRA implementation for President Biden, speaking to the board for over an hour. This administration cares about the solar industry, what it takes to get it right and how to do more. In short, solar is doing more than we ever thought possible 15 years ago.

Government Role In Insurance. State Farm has decided to stop writing new policies in some parts of California but long before this headline, disaster risks have made premiums incredibly high, too high for many. Florida had a similar issue because of hurricane risk and that’s why the State of Florida created a public option, so that everyone has access to relatively affordable hurricane insurance. California will have to do a similar thing and so will other states that suffer from climate risk because the private insurance market can’t mitigate losses year after year.

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Opinion

Best, Yann