The Office of the President centered on photo voltaic panels, saying the removing of the bifacial photo voltaic panel Section 301 tariff that doesn’t contain and fixing stockpiling points throughout commerce instances, with the promotion of the nation’s manufacturing base.
From pv journal USA
The Biden Administration launched a reality sheet detailing a number of insurance policies associated to photo voltaic panels, together with the removing of the bifacial photo voltaic panel exemption. This exemption beforehand allowed some photo voltaic panels to bypass the Trump-era 15% tariff. The rollback of this tariff is predicted to extend the price of business, industrial, and utility-scale photo voltaic initiatives by 1% to 2%.
White House Fact Sheet
The administration additionally reiterated its give attention to the photo voltaic sector, with plans for continued growth of its manufacturing base. This launch follows yesterday’s announcement the place the administration raised tariffs on Chinese photo voltaic cell imports from 25% to 50%.
In late 2022, the Biden administration imposed tariffs on photo voltaic modules from 4 Southeast Asian nations however delayed their implementation for 2 years to make sure enterprise continuity. With this delay ending subsequent month, the White House introduced that the “Department of Energy and the Department of Commerce will intently monitor import patterns to make sure that the US market will not be oversaturated” with stockpiled modules or merchandise ensuing from different unfair practices that will keep away from judgment.
In response to at this time’s announcement, Danny O’Brien, President of Corporate Affairs at Qcells, expressed assist: “Today’s announcement is one other sign that President Biden is severe about guaranteeing the long-term success of photo voltaic manufacturing within the United States .”
However, the Solar Energy Manufacturers Association (SEMA) discovered the motion missing. “The removing of the exemption reverts to a 15% tariff, which gives important, however sadly nonetheless inadequate, reduction from anti-competitive commerce practices till the tariff is ready to run out in February 2026.”
SEMA is dedicated to working with the administration to make sure using all photo voltaic panels from tariffed areas domestically by December 2024. Some estimate that greater than 100 GW of photo voltaic panels are at the moment put in within the US, which there are projections of greater than 45 GW by the top of 2023.
The reality sheet additionally signifies that the Treasury Department is scheduled to launch further steerage on the content material necessities of the Inflation Reduction Act. It says, “Today’s Notice creates a brand new selective protected harbor that provides clear vitality builders the choice to depend on value percentages offered by the Department of Energy to find out the bonus qualification.”
To assist the home photo voltaic panel meeting trade, the cap on the import of photo voltaic cells underneath Section 201 tariffs has been raised from 5 GW to 7.5 GW. This transfer goals to assist the introduced 125 GW of photo voltaic module meeting manufacturing capability with out stopping the emergence of photo voltaic cell manufacturing.
Bifacial photo voltaic panels, that are primarily utilized in business, industrial, and utility-scale solar energy initiatives, had been beforehand exempt from tariffs. With the removing of this exemption, the price of imported bifacial photo voltaic panels, normally from $0.10-0.25 per watt, will enhance from $0.015 to $0.0375 per watt. For business initiatives with set up prices between $1.50 and $2.75 per watt, these will increase end in system worth will increase of about 1-2%. Bifacial panels now signify 98% of all photo voltaic panels imported into these sectors.
Due to the numerous discount in photo voltaic panel costs, which fell from $ 30-40 per watt two years in the past, the affect of those tariffs stays much less extreme at this time. However, the trade nonetheless faces monetary uncertainty because the June 2022 tariff delay nears its finish, and new AD/CVD instances have been filed lately.
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