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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