Trump’s Solar Tariffs Cause a Scramble in the Industry - News Summed Up

Trump’s Solar Tariffs Cause a Scramble in the Industry


The solar industry expects to continue adding installations, but growth is estimated to be about 11 percent lower than projections before the tariffs. While it will assemble panels in the United States, the solar cells will continue to be produced in Asia and subject to tariffs. Even as those projects bring prospective jobs, the Solar Energy Industries Association pointed to the potential job losses from the suspension or termination of solar projects because of higher costs. Solar energy enjoyed a banner year in 2016, when there was a rush to get projects going before a federal tax credit on solar projects was to expire. Advertisement Continue reading the main storyBefore the tariffs, the industry was expected to have the capacity to power 13.7 million homes nationwide by 2022, according to the solar industry group.


Source: New York Times May 03, 2018 09:00 UTC



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