Local solar company reacts to proposed tariffs

Local solar company reacts to proposed tariffs

"These tariffs will increase the price of the solar panels".

Back in early July of 2016, several Post journalists, including myself, sat down with then-candidate Donald Trump and discussed important issues like the economy, his wall, the FBI investigation of Hillary Clinton and global trade.

According to the trade action, the percentage in tariffs will be declining each year until the tariffs are phased out on the fourth year.

US Republican Senator John McCain of Arizona, a big solar power producing state, said in a Twitter post that the tariffs amount to "nothing more than a tax on consumers". The two companies together sell more than 2.5 million washing machines annually in the US market. Much of that growth has come from customers in the sunnier parts of California.

Robert Miggins, CEO of San Antonio-based Go Smart Solar, is anxious the change will make residential solar less affordable, and shrink his customer base.

"If you're not already a manufacturer already in place in the USA ready to build this type of module, it's going to be tough for other people to build up infrastructure to do so".

The tariff starts at 30 percent and drops 5 percent in each of the next three years. "Solar is just booming", said Melissa Gonzalez with Solar Electric Texas, an installer of residential and commercial arrays. In times of rising global polysilicon demand, opportunities for USA polysilicon manufacturers, the industry's technology leaders and the most competitive producers in the world, should be experiencing healthy expansion, not rapid contraction. But the Solar Energy Industries Association says it expects that the tariff will cost 23,000 U.S.jobs this year alone. This Global Safeguards case already led to a 4-0 vote by the bipartisan International Trade Commission that the import surge has injured the domestic industry.

The last five years have seen the solar industry emerge stronger, with 1.6 million solar installations in the United States by the end of 2017, which accounted for 1.8% of all electricity countrywide.

"This is bad for American jobs, bad for the consumer", he said.

Globally, the decision is likely to have a direct impact on solar industry, especially the booming markets in Europe and Asia, according to reports.

In the New Mexico desert, Albuquerque-based Affordable Solar is working on a $45 million solar farm to help power a massive new data center for Facebook.

"If you ever set foot in a solar module assembly factory, most of what you see are robots".

The Korean government said Tuesday it will lodge a complaint with the World Trade Organization about US President Donald Trump's decision to slap tariffs on imported washing machines and solar panels produced by Korean manufacturers, expressing confidence the excessive sanctions will prove invalid. He agreed homeowners who install rooftop solar won't be as hard hit as utility-scale solar. Developers anticipating tariffs began flooding foreign manufacturers with orders last fall, driving up prices.

"We're right now in the process of hiring 20 people", said CEO Aron Cromwell, adding that none of his customers or clients have called to cancel a project because of the tariff.



Related Posts

NFC Championship Game Preview: Minnesota Vikings vs. Philadelphia Eagles
The Rams and Eagles both made trades to climb to the top of the draft order with the intent of selecting a quarterback . Minnesota had jumped out to a 17-0 lead before relinquishing it to future Hall of Fame quarterback Drew Brees.

Man City boss Guardiola heaps praise on 'Messi-like' Sane performance
Pep Guardiola does not want Manchester City looking over their shoulders in the quest to become Premier League champions. At Turf Moor, United striker Anthony Martial scored a 54th-minute victor with his third league goal in as many matches.

Kyrgios takes down idol Tsonga to reach fourth round
He later admitted the incident drove him "a little crazy" before losing his grip over the match. "He was really genuine". I didn't really know what was going on. "[With Will] that was unbelievable ". "No joke, he's my favourite actor.

Will Ferrell's bizarre interview of Roger Federer
Any player hoping to stop him retaining his title and claiming a 20th grand slam will have to be pretty special on this evidence. The 25-year-old Hungarian beat Argentina's Nicolas Kicker in the previous round to set up the biggest match of his career.

President Trump 'pleased' with Democrats' shutdown concession
Many Democrats are furious with members of their party for agreeing to a deal with Republican senators to reopen the government . But Schumer said on the Senate floor it was time to get back to work, and lashed out at Trump.

Attacking trio reunited as Real show their mettle
An emphatic display, this afternoon, by Real Madrid, has given their support hope that a corner has been turned . Ronaldo's form has dipped dramatically this season, as Real Madrid have fallen out of the title race already.

Lawmakers Point Fingers Over Government Shutdown
What is a government shutdown? A traffic light shines red after President Donald Trump and the U.S. In the past, however, they have been repaid retroactively even if they were ordered to stay home.

Sergio Aguero hat-trick guides Manchester City past Newcastle United
For Liverpool boss Jurgen Klopp the victory was a cathartic moment after City thrashed his team 5-0 earlier this season. It is a lot of games to play and hard games like Saturday and like Liverpool .

US Home passes measure to fund authorities and finish…
It's incredibly important that we find a fix for DACA recipients as they are so important to our communities and to our future. Sen. "I hope they set aside this ideological course and work to reopen the government and solve these pressing problems".

Federer in Australian Open 2nd round
Halep next plays Lauren Davis . "If he win tonight, I have one more chance to play with a great player in the world", Chung said. Another unexpected loss at a major had the highly touted Zverev admitting he may have a problem. "Definitely not physical, so".

© 2015 Stocks News Daily. All Rights reserved.