Earlier this year, President Trump imposed tariffs on imported solar panels, severely handicapping a $28 billion dollar industry that gets 80 percent of its supply from countries abroad, like China. Five U.S. trading partners have lodged complaints at the World Trade Organization.
A study conducted by GTM Research, found that the tariff will reduce approximately 11 percent of U.S. solar installations through the year 2022. Moreover, the Solar Energy Industries Association (SEIA) says that the 30 percent tariff on imported solar cells and panels could cause the loss of up to 23,000 American jobs in 2018, as well as delay or erase billions of dollars’ worth of solar investments.
Rep. Jacky Rosen (D-Nevada) holds that the 30 percent tariff on foreign-made solar modules has threatened the stability of Nevada’s fast-growing solar industry. Now Rosen is introducing a new bill, The Protecting Solar Jobs Act (HB 5571), that would allow duties and tariffs to default back to previous rates. It would also allow companies that imported any tariff-imposed solar products to receive retroactive reimbursement.
The bill has bipartisan support from a group of lawmakers looking to protect renewable energy jobs and investments. It was introduced in the House Committee on Ways and Means with backing from Rep. Jared Huffman (D-Calif.), Rep. Mark Sanford (R-SC), Rep. Ralph Norman (R-SC) and Rep. Steve Knight (R-Calif.).
Aztec Solar applauds and support this bill.
Though the recently approved tariffs on solar panels have crippled much of the industry, Aztec Solar currently has pre-tariff solar modules in stock now. What this means is that customers of Aztec Solar still have access to the pre-tariff pricing. However, these pre-tariff panels are selling quickly. Finding better pricing elsewhere is difficult. Don’t miss out on your chance to get the best pricing.
Contact us today to get started at (916) 853-2700.
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