Why Solar Panel Tariff

The solar energy industries association predicted the tariffs.

Why solar panel tariff.

Solar panels are cheap despite trump tariffs it would make sense if solar panel prices in the u s. Trump s solar panel tariff was introduced in 2018 increasing the price of imported solar cells and solar panels by 30. However the tariff may ultimately harm american solar panel producers more than their chinese counterparts. The first 2 5 gigawatts of imported solar cells will be exempt from the tariffs trump said in a statement monday.

Since the import tariff is reduced by 5 each year a 20 rate applies for 2020. In january 2018 trump imposed a 30 tariff on imported solar panels to combat and compete with china s booming solar industry and ease american producers concerns. The effect of the tariffs on the cost of imported solar panels makes it more difficult to compete with other sources of power like wind or even makes fossil fuel plants look attractive again mr. According to a fact sheet released by the u s.

Those levies were less severe than requested by suniva and. Trade representative this tariff will last for four years and will fall by 5 annually dropping to a 15 tariff in 2021. A tariff or tax of 30 will be applied to imported solar panels most of which come from china. The tariff covers both imported solar cells a key input to manufacturing solar panels and solar modules otherwise known as solar panels.

On solar panels trump imposed tariffs of 30 percent in the first year which will gradually fall to half that figure in four years. However the tariff does not increase the final price of solar systems by 20 since it only affects panels and cells. The tariff was imposed at the request of two domestic solar panel manufacturers suniva and solarworld which have been struggling recently against cheap solar panels coming from china. The president approved four years of tariffs that start at 30 percent in the.

The move is a major blow for the 28 billion solar industry which gets about 80 percent of its solar panel products from imports.