Why the Solar Energy Tariff May Be Bad for Solar

Make this factory a giga Mr. Trump

SMA Solar, Germany's largest solar group, expects the industry to take a just a small hit from import tariffs imposed by US President Donald Trump this week, sending its shares to an 11-week high.

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. Tariffs are expected to add $0.10 per watt to the price of solar panels in the first year, so the price increase won't be out of line with normal price fluctuations.

Arguing that fewer than 2,000 of the 260,000 solar energy jobs reported in the U.S.in 2016 were related to the manufacturing of solar energy panels, the Massachusetts Democrat cautioned that the new tariffs will raise costs and could and result in the loss of 23,000 industry jobs in 2018 alone. "This was a trade action brought by private companies". Many media outlets, citing economists and solar industry representatives, reported such a move would destroy thousands of jobs in the USA and dramatically reduce the number of solar photovoltaic installations.




"We import most of our oil from overseas", he said. "We will work with the U.S. Government to implement these remedies, including future negotiations, in the strongest way possible to benefit solar manufacturing and its thousands of American workers to ensure that U.S. solar manufacturing is world-class competitive for the long term". So the company wants is premium-priced panels to receive an exemption from the tariffs.

In the Solar Prize process, the public would submit ideas they believe will advance the solar industry as well as vote on which ideas they would like to see move forward. The other 36,000 workers built mounting systems, inverters, tracking systems, and other auxiliary hardware. It could stimulate growth in the renewable sector, creating U.S.jobs instead of destroying them.

The tariff may not have as big an impact as the market thinks, either. With solar power suddenly more expensive to install, many utilities that would otherwise build new solar farms will choose instead to build more coal and natural gas plants. But industry leaders are hopeful.

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