Are the tariffs President Trump just imposed on foreign solar panels good or bad? With the bulk of news thus far outlining the negatives, as this is now a reality to deal with, we would like to share opportunities that ratepayers, solar developers, and financiers can take to de-risk their processes and continue to grow in the ever changing world of solar.
We have been asked by a number of our key partners how the panel tariff will impact our business. Interestingly enough, as soon as the trade petition was filed this past year spooking the solar industry, we saw immediate affects with pricing jumping up and panel availability shrinking considerably. I see this similar to a gas station with an impending hurricane or disruption on fuel supplies: prices at the pump go up before they are actually affected. While we are certainly not excited about the tariffs, the tariffs are not nearly as high as petitioners Suniva & Solar World wanted, and we now can accept this pricing change and scale down of the tariff and not leave it up to pondering "what if" scenarios (that said, there are still opportunities to petition which countries will be included/excluded and at what levels, more on that in a minute).
Positives and Opportunities from the Solar Tariff Decision: