SEIA: Solar tariffs cause harm to U.S. market, economy and jobs
Post date: 04/12/2019 - 12:18
Tariffs on imported solar cells and modules will lead to the loss of more than 62,000 jobs from 2017 to 2021 in the US and to $19 billion of lost investment, according to a market impact analysis released by the US Solar Energy Industries Association (SEIA). The analysis comes as the midterm review process for the tariffs begins at the U.S. International Trade Commission in December, and covers tariff impacts from the beginning of the 2017 trade complaint by Suniva through the end of the tariff lifecycle in 2021. »Solar was the first industry to be hit with this administration’s tariff policy, and now we’re feeling the impacts that we warned against two years ago,« said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association.
Furthermore, the U.S. solar panel prices »are now among the highest in the world« and are 43 to 57 percent higher than the global average, leading to higher prices for customers and reducing overall demand. Tariffs on solar have caused 10.5 GW of solar installations to be cancelled. According to the findings, solar tariffs are costing the U.S. more than $10.5 million per day in unrealized economic activity. Each new job created by the tariff results in 31 additional jobs lost, 5.3 MW of solar deployment lost and nearly $9.5 million of lost investment. Tariffs on solar are most harshly affecting nascent solar markets including Alabama, Nebraska, Kansas, and the Dakotas. »These markets will not be able to get off the ground because tariffs make solar uncompetitive,« says SEIA
The Section 201 solar tariffs began at 30 percent in 2018, and ramped down to 25 percent in 2019, 20 percent in 2020 and 15 percent in 2021.