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Why US Solar Manufacturers are Going out of Business – Part 2

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Read Why US Solar Manufacturers are Going out of Business –

Role of the US government in domestic solar industry:

At present the US government is taking a stance on protecting the domestic solar industry against unfair competition from the Chinese by imposing punitive import tariffs that will be as high as 240%. While this may deter some of the Chinese manufacturers from dumping massive amounts of solar panels into the US market and may force them to raise their prices, it is questionable whether this strategy will help save the domestic industry in the long run.

While taxing foreign competitors will help, it is unlikely that US manufacturers will be able to compete effectively with the Chinese even if their do raise their prices. More importantly, US manufacturers are on shaky ground in terms of current and future government funding, and it is ultimately what they need to have a shot at surviving. Importantly, in 2011, the China Development Bank offered more than $30 billion in financing to Chinese solar manufacturers, which is about 20 times more than the amount secured by US solar manufacturers from the US government (source).

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Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

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Written by Levchik B

August 13th, 2012 at 11:54 pm

Why US Solar Manufacturers are Going out of Business: Part 1

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What will be the Future of the Solar Industry in US?

In the US, solar energy has been one of the fastest growing sectors of green renewable energy, backed both by government support and funding as well as a growing interest and buy-in from the general public. Over the last five years, many solar companies have experienced incredible growth, doubling and even tripling their profits every year. This unprecedented growth has been accompanied by the downfall of a number of prominent domestic solar manufacturers, who have been filing for Chapter 11 bankruptcy one after another over the course of 2011 and 2012. The primary reason for these massive failures has been the inability of American solar manufacturers to compete with their Chinese counterparts who have flooded the US market with under-priced solar panels and essentially made it impossible for many US manufacturers to stay afloat. The current situation raises many questions and concerns about the future of the domestic solar industry.

Read the rest of this entry »

Levchik (Leo) is a renewable energy activist from Boston, MA, and has been involved with alternative energy and green construction since 2004.

In 2009, Leo and his green roofing company (CoolFlatRoof.com) sponsored Boston’s Solar Decathlon Team, providing materials and installation labor to install a cool white roof on the top of Curio home (Joint effort by Tufts University and Boston Architecture College) – more info about the project here.

Follow Levchik B:

Facebook Twitter Google+ YouTube 

Written by Levchik B

August 13th, 2012 at 11:53 pm