Us Solar Panel Import Tariff

However the tariff may ultimately harm american solar panel producers more than their chinese counterparts.

Us solar panel import tariff. The suniva solarworld request for protection was opposed by much of the domestic u s. The final tariff will have significant negative impacts on. 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. Latest china hs code tariff for solar panels tariff duty regulations restrictions landed cost calculator customs data for solar panels in etcn.

For a typical american homeowner that represents only a 3 to 4 increase in the cost of a solar panel installation. By year 4 the tariff s impact falls to only 0 04 to 0 05 per watt which results in less than a 2. The china us tariff war is ongoing and the global solar industry has become subjected to its rippling impacts. China customs statistics trade data.

23 2018 president trump signed a proclamation that placed tariffs on imported solar cells and modules for a period of four years. The first 2 5 gigawatts of imported solar cells will be exempt from the tariffs trump said in a statement monday. International trade commission itc after two solar manufacturers suniva and solarworld filed a petition seeking tariffs. The import tariffs will apply for the next four years starting at 30 of the cell or module price and declining each year by 5 percentage points until reaching 15 in the fourth year.

The president approved four years of tariffs that start at 30 percent in the. Solar panels are installed in arrays or rows of panels that along with other hardware like an inverter make up an installation. Market experts estimate that the impact of the tariff in year 1 will be between 0 10 to 0 12 per watt. This corresponds to a recent analysis conducted by greentech media.

Unless the tariff is updated in the next month expect continued taxes on imports to prolong the trend of inflated solar panel prices in the united states for at least the next two years. In january 2018 trump imposed a 30 tariff on imported solar panels to combat and compete with china s booming solar industry and ease american producers concerns.