A recent decision by a US Trade Panel found that solar power imports are a threat to the domestic industry. The panel proposed a remedy through tariffs that will go in front of President Trump for approval.
Our Governor, John Hickenlooper, along with 3 other governors, urged the commission not to support the tariffs citing that they may termination over 88,000 US jobs. 2,000 of these jobs eliminated would be in the state of Colorado.
The governors wrote a letter to the commission’s chair, Rhonda Schmidtlen, saying that “the requested tariff could inflict a devastating blow on our states’ solar industries and lead to unprecedented job loss at steep cost to our states’ economies”
The Solar Energy Industry Association says that that developers have already stopped construction due to the risk of possible tariffs. In addition, a bankruptcy filed by a panel manufacturer has already complicated supplies and driven up prices.
These tariffs will exponentially raise the prices of solar panels across the state. Smart investors are quickly buying solar energy panels before the tariffs effect their efforts of environmental and financial savings.
“We will work hard as the case goes forward to protect Colorado’s more than 6,000 solar jobs and the vibrant, growing solar industry in our state. We worry that tariffs will increase the price of solar panels and halt the growing affordability and popularity of solar energy. We are working hard with partners around the nation to ensure solar continues to be accessible to more and more Coloradans” – Rebecca Cantwell, Executive Director of the Colorado Solar Energy Industries Association.
Local industry professional are disappointed, Coloradans with Solar Energy jobs are worried about terminations, and Solar Panel investors are concerned about rising prices.
You can find more information about the tariffs that will be presented to President Donald trump here: