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Market Insight

Steel tariffs another blow to a resilient US solar market, PV tracker suppliers seek to accelerate internationalization plans

March 22, 2018  | Subscribers Only

Camron Barati Camron Barati Senior Analyst, Solar & Energy Storage

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On March 8 2018, the President of the United States approved new tariffs on steel and aluminum imports, which are to take effect on March 23, 2018. The tariffs are to be set at 25% for steel and 10% for aluminum.

The tariffs will directly impact the US solar industry by increasing the price of mounting and tracking equipment sold in the country. Specifically, IHS Markit estimates rooftop racking and fixed-tilt systems could experience a $0.01/W to $0.015/W price increase, while tracking systems could increase by $0.015/W to $0.025/W. Overall, the tariffs are expected to cause mounting and tracking system costs to remain flat from 2017 to 2018 on a dollar per watt basis, offsetting some of the positive impact that year over year module efficiency gains continue to have on mounting system costs...

 

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Power & Energy Technology
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