The solar industry has been booming in recent years. The push for more renewables has caused solar energy to skyrocket, as well as a steep decline in the price for going solar. The growth of the solar industry, however, is in jeopardy. The success of the solar industry moving forward is now in the hands of President Donald Trump. The International Trade Commission (ITC) has recently sent a proposal to the desk of President Trump that will put a tariff on imported solar panels. The tariff would be placed at 35% and could be detrimental to the success of the solar industry.
The reasoning was brought up by Suniva Inc. Suniva is a bankrupt solar company in Georgia. Alongside another solar company, Suniva is claiming that cheaper Chinese solar panels that are imported into the USA will continue to put American solar companies out of business, or bankrupt. While Suniva and other manufacturers wanted a large tariff to be placed on imported panels, the ITC was able to work out a 35% tariff. The tariff has been sent to the White House, where Trump has until January 13th to make a decision. Other industries are backing a solar tariff as well. Some of these industries include manufacturing sectors, and many steel manufacturing companies. The future of the solar industry’s successes lay in the hands of a man (and committee) who believes that solar energy isn’t a reliable source of power.
While the potential impacts of a solar tariff are unclear, many people are making assumptions that prove to be detrimental to the success of solar energy. First, the price of solar energy will dramatically increase if the tariff is imposed. This will cause solar energy to become much less competitive than energy derived from fossil fuels, introducing a long list of potential impacts to the environment. If the solar industry becomes less competitive with fossil fuels, the United States will continue our reliance on fossil fuels for energy. As a result, we will emit even more carbon dioxide (CO2) into the atmosphere, which will accelerate the effects of global warming. Carbon dioxide is a greenhouse gas, which essentially means that it is a heat-trapping gas, that traps heat coming from the sun in our atmosphere. CO2 is one of the main contributors to climate change and global warming. In addition to environmental impacts of the tariff, the Solar Energy Industry Association claims that a tariff on solar energy will cost the United States 88,000 solar jobs. People worry that if the costs of solar panels double, that 99% of the solar supply chain will be negatively impacted.
What this Means For RevoluSun Customers
The potential solar tariffs could cost private solar installers a lot of business. The price for a panel could rise massively, making solar too expensive for many potential buyers. Here at RevoluSun, however, we guarantee the pre-tariff prices for panels up until the tariff is imposed! While solar installers might begin to raise their solar prices to match the prices under the tariff, we will guarantee the same price, up until December 31st! Call us at 781-348-6496 for a free solar assessment before the price of solar panels may rise significantly.
A Federal Agency Just Put America’s Solar Power Industry in Danger http://time.com/4951790/solar-panel-tariff-energy-trump/
Is CO2 Bad for the Planet? https://sciencing.com/co2-bad-planet-4876.html
Possible Trump tariff: Is the US Solar Industry Boom in Jeopardy? https://www.usatoday.com/story/money/energy/2017/11/04/possible-trump-tariff-u-s-solar-industry-boom-jeopardy/823991001/
Trump Says US ‘Will No Longer Tolerate’ Trade Abuses, As ITC Delivers Solar Tariff Report https://www.greentechmedia.com/articles/read/trump-us-no-longer-tolerate-trade-abuses-itc-solar-tariff-report#gs.m_07nT8