Solar Panel Shortages and Price Increases on the Horizon – continued
The tariff issue being considered by the ITC is complicated. On the one hand we want to build a robust U.S. solar panel manufacturing industry – which employed about 2,000 people at the end of 2016. On the other hand we want to continue the strong job growth in the entire solar industry – which employed 260,000 people at the end of 2016. Since the vast majority of U.S. solar workers are focused on installations, increasing the price of imported solar panels is likely to cause overall solar employment to decline for the first time ever.
A final decision on tariffs or other penalties on imported solar panels is likely to be made by President Trump in four to five months. In the mean time the supply of solar panels is very tight and prices are continuing to increase.
Want More Information?
- Bloomberg – Tariffs on Solar Panels Seen Slowing Industry Growth by 66 Percent
- Grist – Here’s How Trump Could Crush Cheap Solar
- New York Times – Solar Trade Case with Trump as Arbiter Could Upend Market
- New York Times – Solar Developers and Panel Makers Clash Over Tariff Request
- Greentech Media – The Thread of US Tariffs is Already Impacting the Solar Market
- Wired – Why the US Solar Industry Doesn’t want Government Protection