Presidential Boost for Solar Energy

It looked like the 2 months long, tariff investigation by the US Commerce Department on solar components from China, could last another 3 months, further kneecapping U.S. solar panel installations, right when they’re needed to fulfill demand and increase renewable energy in the United States.

“The investigation essentially halted the flow of solar panels that make up more than half of U.S. supplies and 80 percent of imports. Ramping up renewable energy such as solar is crucial to Biden’s goal of cutting U.S. greenhouse gas emissions by 50% to 52% by 2030, versus 2005 levels, as well as decarbonizing the U.S. power grid by 2035.”

Jeff Mason of Reuters in an exclusive report

The solar imports in question were from 4 countries: Cambodia, Malaysia, Thailand and Vietnam. Today, President Biden declared a 24-month tariff exemption for those nations that would be retroactive if necessary, to ease the supply shortage for U.S. solar installations. On top of that, he invoked the Defense Production Act to encourage the manufacture of solar panels and clean energy technologies by U.S. companies, with the help of grants and loans.

“In an effort to speed up that growth even more, Biden is also invoking the Defense Production Act to help expand American solar panel manufacturing, as well as other clean energy technology like building insulation, efficient heat pumps for buildings, equipment for fuel cells and power grid infrastructure like transformers. The president is also directing the federal government to increase the amount of U.S.-made solar panels and clean technology products it buys, as well.”

Scott Detrow and Eric McDaniel, NPR
If Congress would extend the Investment Tax Credit (ITC) beyond 2023 for residential solar installations, it would be a trifecta win for renewable energy! Without action by Congress, your chance to save on a residential solar panel installation will disappear in 18 months.

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