The Biden administration is expected to restore US tariffs on imported solar panels from China and other countries, according to a Reuters exclusive.
According to “two sources familiar with the White House plans,” Reuters reports, South Korea’s Hanwha Qcells, investing $2.5 billion in US solar manufacturing, requested that the two-year-old trade exemption for imported solar panels be reversed.
Qcells formally petitioned the US trade representative on February 23 to reinstate the solar tariffs, and seven other US solar manufacturers, also investing billions combined, wrote letters of support.
Reuters’ sources said that no timeline has been decided for when the tariffs will be reinstated.
More than 40 US solar equipment factories planned since President Joe Biden signed the Inflation Reduction Act in 2022 will benefit from the foreign solar goods tariff.
It was the Solar Energy Industries Association (SEIA) that lobbied for the tariff exemption because US installers and developers rely on cheap imports to keep costs down. Reuters said:
In a statement, SEIA did not address the exemption directly but advocated for an increase in the amount of solar cells that can be imported tariff-free to help companies assembling American-made panels.
Read more: The US’s first-ever complete solar supply chain is coming
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here. –ad*