Europe Solar Panel Tariff

The move based on a so called 201 case requiring proof of serious harm from unfair global competition put tariffs on 8 5 billion in solar modules and cells starting at 30 in year one and.

Europe solar panel tariff.

The tempe arizona based manufacturer stands to gain as costs for competing foreign panels rise. The european commission has said that the tariffs are designed to. According to industry association solarpower europe the eu tariffs will add at least 500 to the cost of a household installation. Panel maker first solar inc.

European commission extends unfair import tariff on chinese solar panels. For a typical american homeowner that represents only a 3 to 4 increase in the cost of a solar panel installation. The effective date of the tariffs is february 7 2018. By year 4 the tariff s impact falls to only 0 04 to 0 05 per watt which results in less than a 2.

The tariff level was set at 30 with a 5 declining rate per year over the four year term of the tariff see table below. European commission extends unfair import tariff on chinese solar panels. Jumped 9 percent to 75 20 in after hours trading in new york. Chinese solar panel makers are allowed to sell their products in europe free of duties if they do so at a minimum price that has progressively declined.

The nearly 25 percent tariff applies to all imported solar photovoltaic cells and modules the main technology on panels that convert solar energy into electricity. Market experts estimate that the impact of the tariff in year 1 will be between 0 10 to 0 12 per watt. Up to 2 5 gigawatts gw of unassembled solar cells can be imported. This corresponds to a recent analysis conducted by greentech media.

If sold for less they are subject to a duty. Trump on monday approved a 30 percent tariff on solar cell and module imports dropping to 15 percent within four years.