Solar Panel Tariff Update

Rosen and many others see the solar tariffs as damaging for the solar industry as a whole.

Solar panel tariff update.

This tariff will increase the cost of a typical home solar installation by 500 to 1 000. Trade representative said in a notice made public wednesday. The protecting american solar jobs act was submitted on april 18 2018 by congresswoman jacky rosen of nevada. This caused a lot of concern for not only large scale and residential solar projects but also smaller industrial systems using small solar panels.

Here s the bottom line for homeowners. The tariff level was set at 30 with a 5 declining rate per year over the four year term of the tariff see table below. We ve been receiving lots of questions about the new solar tariff from shoppers on the energysage solar marketplace. There s a new update worth mentioning.

In january the u s. Solar panel tariff exclusions update. 0 33 2 99 the solar industry has a new way of ducking the trump administration s tariffs on its imports. Renewable energy companies to cancel or freeze investments of more than 2 5 billion in large installation.

The bipartisan bill proposes reversing the 30 percent solar tariffs which were approved by president trump in january. The fact is the trade war hasn t slowed down the global demand he said adding that the 30 tariffs on imported solar panels imposed by the trump administration have been offset by advances. The effective date of the tariffs is february 7 2018. The move based on a so called 201 case requiring proof of serious harm from unfair global competition put tariffs on 8 5 billion in solar modules and cells starting at 30 in year one and.

The final tariff has had significant negative impacts on the entire solar industry from manufacturing and distribution to installation and finance. A new section was added at the bottom of this article in september 2018 to show the tariff s impact on residential solar prices.