New solar panel factory could cut installation costs to near zero for homeowners: 'Not just creating jobs'
One of the biggest clean energy manufacturing projects in North Carolina history has arrived.
Vietnamese solar panel maker Boviet Solar opened a factory in Greenville, its first American facility.
The grand opening of phase one of the factory was held in late April, about one year after the company announced it would be opening a factory there. The opening creates 460 new jobs for the area, with more than 900 coming with phase two.
Right now, North Carolina is one of the nation's top solar energy producers.
At the end of 2023, the state ranked fourth in solar generating capacity and fifth in solar power generation. This development creates jobs and also supports more than 100,000 clean energy positions across the state.
"This facility is not just creating jobs but creating opportunity, innovation, and a stronger foundation for eastern North Carolina," Sen. Kandie Smith said at the grand opening.
The factory also offers neighbors greater access to solar energy. Without the added expense of international shipping, the price of solar panels will likely go down, adding to energy cost savings of nearly 100%.
Home solar is definitely having a moment right now, and 2025 could be the biggest year ever for the industry.
Congress is considering an early end to the residential solar tax credits under the Inflation Reduction Act, which could now end on Dec. 31 of this year instead of the planned end date of Dec. 31, 2034. Those credits often save buyers around $10,000.
Companies such as EnergySage, which provides a free service that makes it easy to compare quotes from vetted local installers and navigate those savings on a solar installation, will be able to offer even better deals with the improvements in home solar tech driving down the costs of older tech as well.
If you were to install home solar panels, which of these factors would be your primary motivation?
Energy independence
Lower power bills
Helping the planet
No chance I ever go solar
Click your choice to see results and speak your mind.
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New York Post
20 minutes ago
- New York Post
Three cheers for the US-China trade war ceasefire
Yay! High-level US-China talks in London this week reached a trade-war ceasefire, offering some stability for nervous markets. Days of talks, following on President Donald Trump's call with China's Xi Jinping last Thursday, settled on a framework that leaves a 55% US tariff on Chinese goods and a 10% Chinese levy on American imports. Plus, Beijing will ease restrictions on rare-earth exports while Washington will back off on its developing ban on Chinese students attending American universities. Plenty of issues remain: China's key role in world fentanyl production, for one thing; its long history of intellectual-property theft, currency manipulation and so on. Not to mention the outright espionage that so many of those students are dragged into. And of course in the longer term the United States needs to be less dependent on China for rare earths, pharmaceutical precursors and many other critical needs. The two sides are supposed to reach a comprehensive deal by Aug. 10, but at least the summer should be calm. The chaos of on-again, off-again tariffs had led to turbulence in US markets and had mom-and-pop shops bracing for 'the end'; now they can plan at least a couple of months ahead, with solid reason to hope the worst is over. US businesses can adapt to 55% tariffs on Chinese goods, as long as they've got some certainty that the rate will remain stable. Kudos to Treasury and Commerce Secretaries Scott Bessent and Howard Lutnick, the top US negotiators in London, for mastering 'the art of the framework'; let's hope Trump and Xi can close a final deal.
Politico
24 minutes ago
- Politico
IRA incentive boosters take to the airwaves
Presented by Recycled Materials Association With Daniel Lippman AD BLITZ: Advocacy groups and trade associations continue pouring money into advertising to support various priorities in the reconciliation bill. Two new campaigns launched this week to support the Inflation Reduction Act's clean energy incentives alone. — They include a six-figure ad blitz from Advanced Energy United, a coalition made up of energy stakeholders and tech companies that is targeting Republican senators the group sees as winnable on the issue of protecting the IRA tax credits. — The digital campaign, the details of which were shared exclusively with PI, will target constituents of Sens. Todd Young (Ind.), Tim Scott (S.C.), Dave McCormick (Pa.), Thom Tillis (N.C.) and Jerry Moran (Kan.) with display and Facebook ads touting the economic benefits of the IRA incentives in their respective states. The ads will also run inside the Beltway to target Hill staffers. — The ad buy will be accompanied by a letter campaign from local energy companies urging senators like Sen. John Cornyn (R-Texas) to protect the clean energy incentives. It follows a similar campaign on the House side by the coalition, whose members include NRG, Microsoft, Blink, Rivian, Oracle, Carrier and Ford. — A second new campaign to save the IRA provisions is focused on persuading President Donald Trump (or at least his inner circle). The $2 million ad buy from GOP-led Built for America will run over the next three weeks on platforms closely watched by Trump and his allies, including on Fox News, Truth Social and various conservative podcasts. — The 30-second spot borrows Trump's own language to make the case against gutting the tax credits, contending that 'Trump country is booming' thanks to the incentives, which are helping put 'America first.' — The Association of Equipment Manufacturers is also out with a new nationwide ad buy supporting the reconciliation bill's tax extensions specifically, with a minute-long ad arguing that the bill would keep equipment manufacturers in America by providing certainty to make investments. Happy Wednesday and welcome to PI. Send tips. You can add me on Signal, email me at coprysko@ and be sure to follow me on X: @caitlinoprysko. FIRST IN PI — FLANAGAN'S CORPORATE MONEY FLIP-FLOP: Minnesota Lt. Gov. Peggy Flanagan, who's running for an open U.S. Senate seat, has made rejecting corporate money a major part of her campaign platform. But she accepted millions of dollars in corporate cash on behalf of the Democratic Lieutenant Governors Association when she was its chair, Daniel reports. — Flanagan's launch video said she wouldn't take 'one dime from corporate interests.' In April, she said in a video on X that 'taking corporate money is a choice' and she is 'not taking money from corporations and I never will.' — But Flanagan helped raise more than $2 million in corporate money last year when she was chair of the DLGA. That included half a million dollars from the pharmaceutical industry, almost $300,000 from the tech industry and around $100,000 from the tobacco industry, according to a PI analysis of FEC records. — And even as Flanagan says her campaign won't take corporate cash, NOTUS reported last week that DLGA plans to spend big to support lieutenant governors like Flanagan who are running in open primaries and has already maxed out in direct contributions to her campaign — meaning that at least some of that money could have come from corporations. — Flanagan is facing Rep. Angie Craig (D) in the campaign to fill the Senate seat of Sen. Tina Smith (D), who's retiring. Before joining Congress, Craig, as part of her private-sector job, ran a corporate PAC that gave to many prominent Republicans. Last cycle, she was the 12th-largest recipient among House Democrats of money from corporate PACs, taking $1.3 million from them during that time, according to OpenSecrets. — 'Peggy is the only candidate in this race to reject corporate PAC money,' campaign spokesperson Alexandra Fetissoff said in a statement to PI. 'This is a transparent attempt to distract from Angie Craig's continued funding from big corporations like Elon Musk's SpaceX. People want leaders who are willing to take a stand and make the choice to only be beholden to their constituents. Only Peggy has made that choice.' QUIGLEY CHIEF HEADED DOWNTOWN: Allison Jarus has left the Hill after 12 years to join Arnold & Porter as a policy adviser. Jarus spent the past decade working for Rep. Mike Quigley (D-Ill.), most recently as his chief of staff. — Jarus helped handle Quigley's work on the House Appropriations Committee and was a key architect of the 2021 legislation to increase access for experimental treatments for ALS patients. Before joining Quigley's office, she worked for Rep. Marcy Kaptur (D-Ohio) and former Rep. Tim Ryan (D-Ohio). FLYING SOLO: 'Lobbyists usually run in herds at bipartisan firms, but a slice of K Street takes a lone-wolf approach to the influence game,' Bloomberg's Kate Ackley reports. 'Those who opt to go it alone say it makes for a leaner, more nimble operation, reduces potential client conflicts, and gives them control over how they operate the business.' — 'In good times, a single-lobbyist enterprise can rake in big money that the rainmaker doesn't have to share. But risks abound. … Solo lobbying firms are more vulnerable to the whims of elections, and often rise or fall on which policy fights are hot at the moment. The presidential transition and flip in control of the Senate can ripple into K Street bottom lines, with one-person firms especially susceptible.' — Still, 'more than 50 solo shops reported revenue of $1 million or more last year, according to a Bloomberg Government analysis of federal lobbying disclosures, accounting for nearly $80 million in fees.' INSIDERS, TRADING: 'As markets tanked in the wake of President Trump's 'Liberation Day' tariffs in early April, members of Congress and their families made hundreds of stock trades, shining a spotlight on a controversial practice that some lawmakers have pushed to ban,' according to the Wall Street Journal's Katy Stech Ferek, Jack Gillum, James Benedict and Gunjan Banerji. — 'From April 2, when Trump launched the sweeping tariffs, to April 8, the day before he paused many of them, more than a dozen House lawmakers and their family members made more than 700 stock trades, according to a Wall Street Journal analysis of disclosure filings.' FLY-IN SZN: A handful of health care groups headed to the Hill today, including the Children's Hospital Association, which focused on urging lawmakers to strengthen Medicaid, grow the pediatric health care workforce and address the mental health crisis among youth. Kidney Care Partners also trekked up Pennsylvania Avenue to lobby for improved access and coverage for those with kidney failure. — Advocates with the American Telemedicine Association were in town as well to advocate for the industry's top priorities, which include making permanent various telehealth permissions and expanding coverage for telehealth services, including prescription digital therapeutics and virtual medical nutritionists. The trade group was slated to meet with more than 40 offices on the Hill, including leaders in the House and Senate and on key committees. — And more than 1,000 homebuilders were fanning out across Washington for a fly-in focused on several priorities of the National Association of Home Builders, including loosening energy standards for new homes and addressing workforce shortages. — Tax policy was also expected to be front of mind in the group's more than 250 meetings on the Hill and with the Trump administration: NAHB is pushing for an expanded low-income housing tax credit, fewer SALT cap restrictions and the preservation of clean energy tax credits. — Leaders from the convenience services industry will be on the Hill tomorrow, but the National Automatic Merchandising Association will kick off the fun with a pop-up micro market at tonight's Congressional Baseball Game. SPOTTED at a reception hosted by the Alpine Group celebrating the recent opening of the firm's new Dallas-Fort Worth outpost, per a tipster: Keenan Austin Reed, Barry Brown, Rhod Shaw and Greg Walden of Alpine Group; Pat Shortridge of TrailRunner International; Stewart Hall of PPHC; Reps. Beth Van Duyne (R-Texas), Marc Veasey (R-Texas), Brandon Gill (R-Texas) and Jodey Arrington (R-Texas); Katie Vincentz and Russell Thomasson of Arrington's office; Andrew Leppert of Gill's office; Ryan Dilworth and Brayden Woods of Van Duyne's office; Tasia Jackson of House Minority Leader Hakeem Jeffries' office; Mark Longoria of Rep. Michael Cloud's (R-Texas) office; Matt Esguerra of Rep. Lance Gooden's (R-Texas) office; Karen Navarro of Rep. Monica De La Cruz's (R-Texas) office; Raven Reeder of Del. Eleanor Holmes Norton's (D-D.C.) office; Hayden Upchurch of Rep. Nathaniel Moran's (R-Texas) office; Jianna Covarelli of Cornyn's office; Emily Stipe of Vistra Corp.; Nick D'Angelo of Eaton Corp.; and Drew Wayne of Siemens. Jobs report — Doug Sellers has joined the advisory board at BGR Group. He's a senior counselor at Palantir and was a special assistant to Trump during his first term and served as White House associate staff secretary. — Adam Minehardt is joining Chainlink Labs as head of public policy. He was previously a principal at FS Vector. — Connor Rabb has joined the National Association of Manufacturers as senior director of tax policy. He was previously a legislative assistant for Rep. Randy Feenstra (R-Iowa). — Sabrina Singh is joining Seven Letter as a partner. She most recently was deputy press secretary at the Defense Department and is a Kamala Harris alum. — Tom Corry is joining Rubrum Advising to launch a government affairs practice at the firm. He was most recently managing director of Corry Advisors and was previously assistant secretary for public affairs at HHS and senior adviser to former Centers for Medicare & Medicaid Services Administrator Seema Verma. — Jennifer Short has joined Capital Park Partners as an adviser. She was most recently a senior military assistant to the secretary of Defense in both the Biden and Trump administrations and is an Air Force veteran. — Sam Varie is joining the Australian Embassy as U.S. media and external relations manager. Varie was previously communications director for Rep. Joe Courtney (D-Conn.). — Karina Lubell will be a partner at Brunswick Group. She previously led the competition policy and advocacy section at DOJ's Antitrust Division. — Ashley Moir has launched Ashley Moir Media, a PR company with booking services, media training and comms strategy. She most recently was director of national broadcast operations at Deploy/US and is a former senior booker at Fox News. — Gopal Das Varma is now a vice president at Cornerstone Research. He previously was vice president at Charles River Associates and is a DOJ Antitrust Division alum. — Allison Rivera will be vice president for government and industry affairs at the National Grain and Feed Association. She most recently was executive director of government affairs at the National Cattlemen's Beef Association. — Steven Ferenczy has joined the American Council of Life Insurers as assistant vice president for paid leave policy and implementation. He was previously a first vice president and compliance consultant at Alliant. — Richard Johnson has joined OpenAI as its national security risk mitigation lead, Morning Defense reports. He was previously DOD deputy assistant secretary for nuclear and countering weapons of mass destruction policy. — Joseph Humire is now a deputy assistant secretary of Defense for policy, per MD. He was previously executive director of the Center for a Secure Free Society and a senior fellow at the America First Policy Institute and Heritage Foundation. New Joint Fundraisers Team Coughlin (Coughlin for Congress, One Country, One Destiny PAC) New PACs AMERICANS READY TO WORK PAC (Super PAC) Cohabitate PAC (PAC) Empire State Patriots PAC (PAC) PATIENTS RISING PAC (PAC) Reengineer NJ PAC Inc. (Super PAC) New Lobbying REGISTRATIONS Alston & Bird LLP: Performance Health Atlas Crossing LLC: Trinity University Capitol Counsel LLC: Boviet Solar USa Capitol Resources, LLC: The Federation Of Korean Industries Coreweave, Inc.: Coreweave, Inc. Dc Advocacy, LLC: Konecranes Finland Corp. Dc Advocacy, LLC: Logistec Marine Services Ulc Fgs Global (US) LLC (Fka Fgh Holdings LLC): Six Continents Hotels, Inc. Franklin Square Group, LLC: Fiat Chain Holdings LLC Holland & Knight LLP: Wood Mackenzie Invariant LLC: Oldendorff Carriers USa, Inc. King & Spalding LLP: Lifegift Kyowa Kirin, Inc: Kyowa Kirin, Inc Leavitt Partners, LLC: Orchard Therapeutics North America Mercury Public Affairs, LLC: Novant Health, Inc. Pillsbury Winthrop Shaw Pittman LLP: Flashpoint Intelligence Polsinelli Pc: Clairity, Inc. Resolution Public Affairs, LLC: Jp Morgan Chase Holdings Rutledge Policy Group, LLC: Brownstein (Bhfs, LLP) Obo Apollo Global Management Sorini, Samet & Associates, LLC: Popp Forest Products Inc. Stapleton & Associates, LLC: Intellisense Systems, Inc. Steptoe LLP: Early Warning Services, LLC Stoick Consulting, LLC: Resident Home, Inc. Sullivan Strategies LLC (Fka Sb Capitol Solutions): Vontier Business Services, LLC New Lobbying Terminations Brownstein Hyatt Farber Schreck, LLP: Vector Group Ltd
Boston Globe
28 minutes ago
- Boston Globe
Trump hails limited trade agreement with China after talks in London
Advertisement Less than two weeks after accusing China of violating a trade-war truce, Trump on Wednesday had nothing but praise for the Chinese leader. 'President Xi and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!!' the president wrote in a second Truth Social post. Under the renewed truce, the United States will impose a 55 percent tariff on Chinese goods, and China will hit American products with a 10 percent import tax, the president said. Those are both higher rates than before Trump took office, but lower than the triple-digit tariff levels that each nation imposed this spring. US and Chinese negotiators agreed late Tuesday to try again to implement the trade-war truce that collapsed amid recriminations on both sides just weeks after it was reached during an earlier round of talks in Geneva. Advertisement Speaking near midnight in London, Commerce Secretary Howard Lutnick announced what he called a 'handshake' deal to put into effect the terms of the May 12 US-China agreement that called for both nations to lower their tariffs and take additional steps to facilitate trade. 'We have reached a framework to implement the Geneva consensus and the call between the two presidents,' Lutnick told reporters, referring to a June 5 telephone conversation between Trump and Xi. 'I think it's really beneficial to the United States of America. It's very beneficial to the Chinese and the China economy.' Negotiators released no text of either the London framework or the earlier Geneva accord to de-escalate the US-China trade war. But Lutnick said both nations would remove new trade barriers they had erected as the truce broke down. That means China is expected to permit an increased flow of critical materials known as 'rare earths' for auto and defense production. As those shipments increase, the United States will lift measures that it imposed recently 'in a balanced way,' Lutnick said. 'We do absolutely expect that the topic of rare-earth minerals and magnets, with respect to the United States of America, will be resolved in this framework implementation,' Lutnick said. He did not specify which US measures would be lifted in response. But his department has implemented a number of restrictions on exports to China of aerospace technology and advanced semiconductor equipment, which Chinese officials urgently want removed. Lutnick described the diplomatic breakthrough as the first step toward expanding US-China trade, which topped $580 billion last year. The United States buys more than three times as much from China as Chinese customers buy from Americans, a trade deficit that the president has inveighed against for years as a measure of industrial decline. Advertisement 'We have an existing, significant trade deficit, and President Trump's fundamental goal is to reduce the trade deficit and increase trade. So this was the first step of the framework by which we will then approach and discuss growing trade . But first we had to sort of get the negativity out," Lutnick said. Briefing reporters outside Lancaster House, the 19th-century mansion in London's West End that hosted two days of talks, Lutnick credited the involvement of both presidents with producing quick results. 'You have to get things done if you're working for President Trump. I'm sure they felt they had to get it done because they were working for President Xi,' he said. The US delegation also included Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer. Bessent left the talks a few hours early to return to Washington in time to appear before Congress on Wednesday. The Chinese team was led by Vice Premier He Lifeng, a close associate of Xi. In China, Li Chenggang, China's vice commerce minister, said the talks were 'professional, rational, in-depth and candid,' according to Chinese state media, and Beijing hopes the discussions will 'be conducive to increasing trust between China and the United States.' Yao Yang, an economist at Peking University, said the fact that Beijing and Washington engaged in negotiations amid bitter trade tensions is positive. 'The Chinese government's stance has always been, if you want to fight, we are going to take it. But the purpose of fighting is not just for the sake of fighting, it is to prepare for negotiation or to bring the other side to the negotiation table,' he said. Advertisement Yet even as the latest attempt to put US-China relations on a sound footing moved forward, Greer nodded to the long list of issues that divide the two sides. The Trump administration has complained about Chinese policies that fuel what it sees as excess production of manufactured goods, which depress global prices and hurt American factory workers. 'There are some things that the Chinese and US economies, they just don't fit together very well. Other things, maybe they do. And there'll be a time for broader conversations on that,' he said. The 90-day pause on triple-digit tariffs that amounted to a de facto US-China trade embargo expires Aug. 12. In response to a question about prospects for an extension, Greer said that would be up to the president. Further talks are expected, though no date has been agreed to yet. The Trump administration notched a legal win Tuesday when a federal appeals court ruled that many of the tariffs the president imposed on China can remain while the government appeals a lower-court ruling that found they were illegal. The Court of International Trade, a little-known specialized court in New York, ruled last month that Trump exceeded his authority by invoking emergency powers to impose tariffs on imports from China and other nations. The Trump administration quickly appealed and the appeals court temporarily paused the lower court's decision. On Tuesday, it said that pause could stay in place while the appeal was decided. Advertisement 'The court also concludes that these cases present issues of exceptional importance warranting expedited en banc consideration of the merits in the first instance,' the US Court of Appeals for the Federal Circuit said Tuesday. The appeals court said it would expedite the issue and hear arguments July 31.
