Europe Solar Panel Tariff

European commission extends unfair import tariff on chinese solar panels.

Europe solar panel tariff.

For a typical american homeowner that represents only a 3 to 4 increase in the cost of a solar panel installation. According to industry association solarpower europe the eu tariffs will add at least 500 to the cost of a household installation. This corresponds to a recent analysis conducted by greentech media. Trump on monday approved a 30 percent tariff on solar cell and module imports dropping to 15 percent within four years.

The european commission decided on friday 31 august to eliminate anti dumping tariffs on chinese solar panels saying the decision will help the eu achieve its renewable energy goals. Jumped 9 percent to 75 20 in after hours trading in new york. 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. 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.

The proclamation included a 2 5 gigawatt exemption for cells per year which does not include any sub quotas for individual countries. The tempe arizona based manufacturer stands to gain as costs for competing foreign panels rise. Panel maker first solar inc. European commission extends unfair import tariff on chinese solar panels.

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. The european commission over the weekend extended its punitive import tariffs and price controls on solar panels from china which were originally due to expire today monday 7 december. If sold for less they are subject to a duty. 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.

By year 4 the tariff s impact falls to only 0 04 to 0 05 per watt which results in less than a 2. Up to 2 5 gigawatts gw of unassembled solar cells can be imported.