On January 22, the Trump Administration announced it will be imposing new tariffs on imported solar panels, effective Feb. 7, 2018. The tariffs — 30% declining by 5% per year for four years — unnecessarily increases the price of solar for utilities, corporations and individuals, negatively impacting power prices for all electricity customers.
The Denver Post reports the decision “threatens to handicap a $28 billion industry that relies on parts made abroad for 80% of its supply.” In ‘Trump Aims at China with Tariffs on Solar Panels, a Move Colorado Industry Says Could Cost 2,000 Jobs’, the Post explores how the tariffs will negatively impact the solar energy industry. CEC Founder and CEO, Paul Spencer, is quoted in the report: “Every American loses with a higher cost of power.”
To read more from solar industry experts and their reaction to the new tariff decision, click here for the complete article. To see CEC’s statement on the January 22, 2018 tariff announcement, click here.