President Trump’s 30% import tariff on solar panels manufactured overseas are having negative effects on the American solar industry, particularly for installations. The tariff has prompted such high costs for US solar companies that dozens of them are petitioning for exemption, the New York Times reported.
“While producing more panels in the United States will create a few hundred jobs, the tariffs could cost tens of thousands, largely on the installation side of the business,” New York Times’ Ivan Penn wrote.
Silicon Valley-based PV developer and module manufacturer SunPower, the number 1 ranked player in the country based on 2017 capacity according to GTM Research, says the tariff is costing them as much as $2 million each week.
