(Reuters) – Federal commerce officers on Tuesday will advocate measures to safeguard struggling home photo voltaic panel producers towards low cost imports in a intently watched case that would have a serious influence on the worth of U.S. solar energy.
The vote by the U.S. Worldwide Commerce Fee is a serious milestone in a case that has divided the photo voltaic business for the final six months. The panel’s proposals, which might embrace tariffs, a quota or different commerce cures, can be delivered to President Donald Trump, who will make a ultimate determination later this yr.
Commerce cures have been requested earlier this yr by two small U.S. producers that say they don’t seem to be capable of compete with low cost panels made abroad, primarily in Asia.
However fears of steep new tariffs on imports have sparked widespread nervousness amongst photo voltaic builders and installers which have benefited from a 70 % drop in the price of photo voltaic since 2010. Many snapped up panels forward of the ITC’s vote and warned that some tasks will not be accomplished if the price of panels rises an excessive amount of.
The ITC made a preliminary discovering on Sept. 22 that home photo voltaic producers had been harmed by low cost imports after the grievance introduced by bankrupt Georgia-based mostly producer Suniva Inc in April.
Photo voltaic set up corporations are hoping the fee will advocate a small tariff, or none in any respect.
“This tells you what’s going to land on the president’s desk, although there’s a truthful quantity of unpredictability right here provided that the president has broad leeway and this president is fairly unpredictable usually,” stated Shayle Kann, head of photo voltaic market analysis agency GTM Analysis.
Suniva filed the uncommon Part 201 petition 9 days after in search of Chapter eleven chapter safety. Within the petition, the corporate stated a worldwide glut of panels has depressed costs and made it troublesome for American producers to compete.
Suniva’s petition is opposed by the Photo voltaic Power Industries Affiliation, the sector’s main commerce group.