Tariffs on export of solar lighting systems
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FAQS 4
How will tariffs affect the solar industry?
Imported solar panels will likely receive price increases due to the new tariffs, which may affect pricing of the entire US solar industry. Even though our solar equipment is not directly affected by the proposed tariffs, the overall market may see price adjustments.
What are China's new tariffs on solar products?
The newly increased tariffs on imports from China, effective as of September 27, 2024, specifically target products vital to the solar industry: Solar cells and modules: Tariffs have doubled, increasing from 25% to 50%. Lithium-ion batteries: For electric vehicles, these batteries now face a tariff of 25%, up from 7.5%.
How will the 301 tariff affect the US solar supply chain?
Notably, the adjusted 301 tariff expands to cover Chinese exports of polysilicon and mono-Si wafers, with a 50% tariff rate set to take effect on January 1, 2025. This move is expected to affect the upstream sector in the US PV supply chain. The U.S. had imposed several trade barriers against Chinese solar cell and module imports.
Which solar companies do not incur import tariffs?
Other “Domestic” Suppliers: A few manufacturers with U.S.-based production or assembly – such as Hanwha Qcells (Georgia factories), First Solar (Ohio), Mission Solar (Texas), and Silfab (Washington) – do not incur these import tariffs on their U.S.-made panels. They have an effective price advantage now.
