Economy

Incentives to boost US-based solar manufacturing

Incentives to boost US-based solar manufacturing

President Trump's announcement this week to place a 30 percent tariff on foreign-made solar cells and modules imported to the us won't impact the cost of building a second solar farm for Tallahassee's electric utility customers.

His administration placed a 30 percent tariff on most imported solar modules from the country. The tariff will cut into the industry's growth over the next four years - particularly on large-scale solar farms like ones going up in West Texas - but it will barely register over the longer term.

"Our action today helps to create jobs in America for Americans", Trump declared as he imposed tariffs on solar cells and washing machines. About 260,000 people work in the USA solar power industry but relatively few of them are in manufacturing, which is why most companies in the industry lobbied against the tariff.

"SMA's market outlook includes a slightly negative impact from the import tariff", SMA said on slides published during its capital market day, giving no further details on the impact.

The two domestic solar manufacturers who pushed for the change, Georgia-based Suniva Inc. and Oregon-based SolarWorld Americas, however, argued that the tariffs will lead to a boom in domestic solar manufacturing and create jobs in that sector.

But those numbers absent the tariffs would have rebounded in 2019, in part due to the rush to meet the new deadline for the ITC.

The company also this week reported preliminary 2017 results and predicted growing sales this year. But some stakeholders worry the new duties could slow solar system installations in the U.S.by driving up the cost to customers, thereby, reducing demand.

"The jobs that have been lost because of cheaper solar cells have already been lost", Heinrich said in an interview. It is lower than the 35 percent rate the U.S. International Trade Commission recommended in October. Its goal is to make American consumers buy more expensive products to support USA manufacturing jobs - something they could have done voluntarily.

More news: Crescent Point Energy Corp. (CPG) Analysts See $0.06 EPS

Johnson said his business could see a shift of consumers buying more American-made washers if LG decides to phase out some of their models.

About of total USA solar generating capacity is in a relatively small number of very big projects owned by power companies.

Hansen says solar is still booming and is only going up from here.

Next-gen solar power wonder material signs first commercial distribution contract - We expect the initial efficiency to be around 10% and the initial price to be around 50 Euro (58 USD) per sqm.

CHANG: So from what I understand, solar jobs have risen because solar installations have soared, and a big reason for that has been the dropping prices of these panels.

"[President] Trump passed this under the guise of he's trying to help USA industry", said Jessica Collingsworth, lead Midwest energy analyst for the Union of Concerned Scientists.

"About 70 percent of all the solar modules in the world are manufactured in Asia, so the good majority of solar panels that we use in our projects do come from Asia", he said. "If we're 30 percent more on our projects, we are back up to the cost of coal and oil".

"When they threaten to raise prices, that's nonsense", Autry said. They merely have to show they were hurt by imports, which is to say by competition.


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