Chinese Solar Panels Face Import Duties

Due to the implementation of import duties on Chinese solar panels in the US, which will cause the price of these panels to increase by about 14%. The price increase will diminish the price advantage of the Chinese suppliers, and likely decrease demand for the dominant suppliers. On the other hand, the duties will help make U.S. solar panel companies located in Southeast Asia more competitive.

While there are both positives and negatives to the implementation of duties, further research is needed to determine the full effect of the price increases on developers of large power plants.

“They’re going to have the hardest time making the numbers pencil out,” Kann said. “It’s hard to call what portion of the market will be put in jeopardy.”

The U.S. Department of Commerce will make a final decision regarding the import duties on August 18.

 

Read more here- “Solar Tariffs to Boost Prices for Chinese Panels by 14%,” (Ehren Goossens, Bloomberg)

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Olivia is a graduate of Villanova University where she studied Economics and History, minoring in Gender and Women's Studies. She also has experience working with federal legislatures on health care policy, women's issues, and Internet safety.

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