Why Solar Panel Tariff

Those levies were less severe than requested by suniva and.

Why solar panel tariff.

The president approved four years of tariffs that start at 30 percent in the. Tariffs will begin at 20 on large residential washing machines according to the announcement. 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. Since the import tariff is reduced by 5 each year a 20 rate applies for 2020.

A tariff or tax of 30 will be applied to imported solar panels most of which come from china. The first 2 5 gigawatts of imported solar cells will be exempt from the tariffs trump said in a statement monday. 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. However the tariff may ultimately harm american solar panel producers more than their chinese counterparts.

The solar energy industries association predicted the tariffs. According to a fact sheet released by the u s. Rose in 2018 but here s why that didn t happen. 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. Trade representative this tariff will last for four years and will fall by 5 annually dropping to a 15 tariff in 2021. Trump s solar panel tariff was introduced in 2018 increasing the price of imported solar cells and solar panels by 30. Solar panels are cheap despite trump tariffs it would make sense if solar panel prices in the u s.

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.