US President Imposes Solar Panel Tariff, Solar Stocks React

Trump's Solar Tariff Triggers Concern From Texas Companies

Who Wins And Loses From Tariff Placed On Solar Imports

"It's still going to be a good investment, but now your 10 to 12 percent return turns into an 8 to 9 percent return", Moyer said. If that's the case, then Trump should invest the money from the tariffs into a giant American factory to manufacture solar panels. Observers of U.S. -China trade relations said the latest harsh rhetoric and other recent moves are likely to spur a larger-scale trade war.

Trump has argued the tariff will protect the American solar industry- and protect domestic manufacturers.

The Solar Energy Association projects that the move will cost tens of thousands of jobs.

That same month, the U.S. International Trade Commission delivered three separate sets of recommendations to Trump created to curb imports of solar components, ranging from quotas to a tariff on imports of 35 percent.

Companies that install solar-power systems for homeowners and utilities are bracing for Trump's call on whether to slap tariffs on imported panels.

For small microgrids, the tariff has no effect, but for larger ones - 1 MW or more - projects have been delayed due to uncertainty surrounding the distributed energy component, Chiesa said. In the first year, the relief will include a 30 percent tariff, 25 percent in the second year, 20 percent in the third year and-finally-15 percent in the fourth year.

Tempe-based solar manufacturer First Solar saw its stock price jump Tuesday morning before it settled back down to the previous day's level by late afternoon. "Instead he hurt all solar companies".

President Donald Trump went after one of China's booming industries: the solar energy market. "This was a trade action brought by private companies".

What it will do, however, is put a crimp in one of the USA economy's big success stories, the rapid growth of renewable energy.

For his clients, the panel only accounts for about 30 percent of the price. "We think that this decision is pretty short-sighted, but it's not going to stop solar growth in IL or nationwide". Those traits make the decision on which brand to purchase sort of a no-brainer among the working and middle classes. "We need to think the same way about America first the way they think about South Korea first".

"Specifics of what it means [for Illinois], we're not sure yet", she said. "It could've been worse". I think there will still be demand for SunPower's panels; it's just a question of whether or not the company can get the same price for high-efficiency panels as it could in the U.S.

Mark Bortman, founder of Exact Solar in Philadelphia, said the prospect of tariffs, since the trade commission recommended them in October, had already caused him to delay hiring and expansion plans.

"Chinese solar products are just as good, if not, better than USA made solar products", Cheshire said.

The report noted that the US trade deficit over the past 17 years has roughly quadrupled to a projected $365 billion when the final ledger is calculated for 2017. Penalizing other countries, though, often doesn't produce desired results.

Employees at REC Silicon recently signed a letter asking the Trump administration to negotiate some sort of comprehensive deal with China that settles all parts of the solar cell-polysilicon dispute.

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