20th July 2024

Potential tariffs ensuing from the antidumping and countervailing obligation (AD/CVD) investigations into photo voltaic cells and modules imported from Southeast Asia may improve prices to a degree that prohibit photo voltaic provide and installations within the U.S.

That is in response to the brand new Clear Vitality Associates evaluation, commissioned by the American Council on Renewable Vitality (ACORE), on the potential impacts of tariffs on the photo voltaic business.

The evaluation outlines how the U.S. photo voltaic sector is at the moment in good well being, however the imposition of AD/CVD duties on photo voltaic cells and panels from Southeast Asia may increase U.S.-made module prices by $0.10 per watt and imported module prices by $0.15 per watt. 

It additional states that to fulfill the federal government’s goal of a 50% discount in greenhouse gasoline emissions by 2030, the home photo voltaic business should improve from 177 GW of put in capability to over 500 GW.

“At present, photo voltaic is without doubt one of the most inexpensive and dependable power sources we have now to energy our financial system,” says ACORE President and CEO Ray Lengthy. 

“Injecting uncertainty into the market slows financial progress and the good-paying jobs clear power creates, undermines U.S. local weather goals, and can inevitably increase power prices for American households. This isn’t an acceptable plan of action and will unintentionally cede U.S. management within the photo voltaic business to different nations.”

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