Views:39 Author:Site Editor Publish Time: 2018-11-09 Origin:Site
Do you want to know if the tariff on the importation of 12V solar panels affects the sales of 12V solar panels in the US?
If the answer to the question is yes, it is important you read this article till the end.
It’s no more news that President Trump declared his endorsement of a 30 percent tariff on imported solar modules and cells.
After the announcement, solar installation business of about $2.5 billion got cancelled. The announcement made people discouraged about the 12V solar panel but this article will answer your questions on the solar technology in the US. Calmly read through to check out the effect of the tariff of 12V solar panels.
Let's take a quick look at the rationale behind this tariff. The Trump administration sees China’s manufacturing achievement as a barrier to the domestic U.S effort in producing inexpensive domestic solar supplies. That is what the tariffs claim to correct.
By hiking up the price of solar cells imports, the administration really hopes American manufacturers will be able to fill the void and start dominating local solar sales. Although some believe that the administration's true motive are to drive consumers back to the use of fossil fuels.
Now let's talk about the amount of tariffs on the solar panels .As of October 2017, an analysis was made on the tariffs on imported panels by the International Trade Commission and the report suggested tariffs as high as 35 percent. This obviously was good news to US solar manufacturers. At the long run, Trump administration declared that they had settled on a tariff of 30 percent.
What this means is that residential systems (rooftop solar panels) are likely to experience 3 percent increase in price while solar farms producing solar energy (for a utility or shared grid) will experience a bumped up price around 10 percent.
Already, at the utility-scale, which is actually where we have bulk solar installations happening the cost of the panel has always been a much bigger contributor to the overall cost of the system.
This means 10 percent has been added to put a hold on competitiveness in several markets which in turn has put projects on hold.”
As a consumer, if you have already invested in solar manufacturing, this could really be good for your decisive point! But majority of solar employees who are installers are experiencing a snail movement in their business