Forbes Article – Department of Commerce Decision Puts Fate of U.S. Solar Industry in Jeopardy
By George Strobel, Forbes Financial Council Member
On March 28, in a decision that would put the U.S. solar industry on hold, the U.S. Department of Commerce initiated an anti-dumping investigation into imports of solar cells and modules from Cambodia, Malaysia, Thailand and Vietnam in response to a petition from a small California solar panel manufacturer, Auxin Solar. The investigation could result in tariffs of up to 250% on imports from these four countries, which account for more than 80% of all U.S. solar module imports. These tariffs could cripple solar deployment, threaten tens of thousands of U.S. jobs and make it virtually impossible for the Biden administration to meet its climate goals.
Related Posts
IRS Alert: Beware of a New Clean Energy Tax Credit Scam – Consult Trusted Tax Professionals
Jul 10, 2024
The IRS warns against a new scam involving clean energy tax credits under the Inflation Reduction Act (IRA). Unscrupulous tax preparers are misleading taxpayers into improperly claiming these credits, especially […]
Monarch Private Capital Welcomes Walter L. McLeod as Managing Director
Feb 12, 2024
Monarch Private Capital, a nationally recognized impact investment firm specializing in the development, financing, and management of projects generating federal and state tax credits, proudly announces the appointment of Walter […]
Kendall Sustainable Infrastructure with Monarch Private Capital, Advanced Solar Products, Independence Solar and Arcadia Begin Operation of New Jersey Community Solar Sites Serving Over 650 Households
Nov 27, 2023
Cambridge, MA – Kendall Sustainable Infrastructure (“KSI”) has begun operation of four new community solar projects totaling 4.4 MW and serving 686 households in and near Pennsauken and Moorestown, NJ. Partners […]