The solar industry has been booming in recent years. The push for more renewables has increased the popularity of solar energy and decreased the price. 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 proposed a tariff on imported solar panels to President Trump. 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 imported Chinese solar panels will continue to put American solar companies out of business. 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 solar depends on a man who believes that solar energy isn’t a reliable source of power.
While the potential impacts of a solar tariff are unclear, many people make assumptions that are 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.If the solar industry becomes less competitive, the United States will continue to rely on fossil fuels for energy. As a result, we will emit even more carbon dioxide(CO2), accelerating the effects of global warming.
Carbon dioxide is a greenhouse 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 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! Call us at 781-348-6496 for a free solar assessment before the price of solar panels may rise significantly.