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President Trump is considering adding a large tariff to imported Solar Panels causing their costs to increase, possibly dramatically. Some of the major Solar builders are buying them up and warehousing them out of fear of increases.
If you've thought about solar, now rather than later may save you some money:
http://www.reuters.com/article/us-usa-trade-solar-insight-idUSKBN1AA0BI
[font=freight-book, serif]LOS ANGELES (Reuters) - U.S. solar companies are snapping up cheap imported solar panels ahead of a trade decision by the Trump administration that could drive up costs and cloud the fortunes of one of the economy's brightest stars....[/font]
[font=freight-book, serif][size=large][font=freight-book, serif]Installations in the United States last year hit a record. Jobs are mushrooming too. The domestic industry now employs more than 260,000 people, according to The Solar Foundation, most of them construction workers hammering panels on rooftops and erecting utility-scale solar plants in the nation's blistering deserts.[/font]
[font=freight-book, serif]But signs of a chill are already visible as the industry waits to see how President Donald Trump responds to a recent trade complaint lodged by a Georgia manufacturer named Suniva. The company has asked the administration effectively to double the price of imported solar panels so that U.S. factories can compete.[/font][/font][/size]
[font=freight-book, serif][size=large][font=freight-book, serif][size=large][font=freight-book, serif]Ed Fenster, chairman of San Francisco-based Sunrun ([font=freight-book, serif]RUN.O[/font]), said moves by Trump to punish foreign manufacturers could harm American blue collar workers he has vowed to help. The solar industry employs more than five times as many workers as the coal mining industry that Trump has championed.[/font]
[font=freight-book, serif]"A solar-panel tax imperils what our country needs most: well-paying jobs that can't be exported or automated," Fenster said[/font][/font][/size][/font][/size]
If you've thought about solar, now rather than later may save you some money:
http://www.reuters.com/article/us-usa-trade-solar-insight-idUSKBN1AA0BI
[font=freight-book, serif]LOS ANGELES (Reuters) - U.S. solar companies are snapping up cheap imported solar panels ahead of a trade decision by the Trump administration that could drive up costs and cloud the fortunes of one of the economy's brightest stars....[/font]
[font=freight-book, serif][size=large][font=freight-book, serif]Installations in the United States last year hit a record. Jobs are mushrooming too. The domestic industry now employs more than 260,000 people, according to The Solar Foundation, most of them construction workers hammering panels on rooftops and erecting utility-scale solar plants in the nation's blistering deserts.[/font]
[font=freight-book, serif]But signs of a chill are already visible as the industry waits to see how President Donald Trump responds to a recent trade complaint lodged by a Georgia manufacturer named Suniva. The company has asked the administration effectively to double the price of imported solar panels so that U.S. factories can compete.[/font][/font][/size]
[font=freight-book, serif][size=large][font=freight-book, serif][size=large][font=freight-book, serif]Ed Fenster, chairman of San Francisco-based Sunrun ([font=freight-book, serif]RUN.O[/font]), said moves by Trump to punish foreign manufacturers could harm American blue collar workers he has vowed to help. The solar industry employs more than five times as many workers as the coal mining industry that Trump has championed.[/font]
[font=freight-book, serif]"A solar-panel tax imperils what our country needs most: well-paying jobs that can't be exported or automated," Fenster said[/font][/font][/size][/font][/size]