Us Solar Panel Import Tariff

Latest china hs code tariff for solar panels tariff duty regulations restrictions landed cost calculator customs data for solar panels in etcn.

Us solar panel import tariff.

Inspired by similar policies in the us the application was lodged by artsolar south africa s only 100 locally owned solar panel manufacturer which reasoned that a number. The final tariff will have significant negative impacts on. The import tariffs will apply for the next four years starting at 30 of the cell or module price and declining each year by 5 percentage points until reaching 15 in the fourth year. For a typical american homeowner that represents only a 3 to 4 increase in the cost of a solar panel installation.

Solar panels are installed in arrays or rows of panels that along with other hardware like an inverter make up an installation. However the tariff may ultimately harm american solar panel producers more than their chinese counterparts. The china us tariff war is ongoing and the global solar industry has become subjected to its rippling impacts. In january 2018 trump imposed a 30 tariff on imported solar panels to combat and compete with china s booming solar industry and ease american producers concerns.

China customs statistics trade data. Woodmac has estimated that the united states will install 2 gw of bifacial projects in 2020 with panels untaxed. Tariffs make solar panels more expensive and thus discourage their use according to the. Unless the tariff is updated in the next month expect continued taxes on imports to prolong the trend of inflated solar panel prices in the united states for at least the next two years.

This corresponds to a recent analysis conducted by greentech media. 23 2018 president trump signed a proclamation that placed tariffs on imported solar cells and modules for a period of four years. The first 2 5 gigawatts of imported solar cells will be exempt from the tariffs trump said in a statement monday. International trade commission itc after two solar manufacturers suniva and solarworld filed a petition seeking tariffs.

This decision came on the heels of a nearly 9 month case before the u s. The president approved four years of tariffs that start at 30 percent in the. By year 4 the tariff s impact falls to only 0 04 to 0 05 per watt which results in less than a 2. Market experts estimate that the impact of the tariff in year 1 will be between 0 10 to 0 12 per watt.