Bad News For US Solar

From Volter Media.

Please donate to Lewin’s Sickle Cell Anemia Bone Marrow Transplant GoFundMe campaign
https://bit.ly/3QXAwAQ

VIDEO SPONSORS
Rain-X Wiper Blades: https://amzn.to/3VuOVII
HOTOR Car Trash Can: https://amzn.to/3nvk3v6
TWRAPS Screen Protectors for Rivian R1T / R1S: https://amzn.to/3PhsAdq

Subscribe – bit.ly/3m6HVyR
Join our Rivian subreddit for the latest Rivian News https://bit.ly/3zaOFCt
Support Volter Media when you shop on Amazon at no extra cost: http://bit.ly/VM-Amazon
ChargePoint 50amps 240v EV Charger: https://amzn.to/3KzvM1x
Lectron – Tesla to J1772 Adapter: https://amzn.to/36bfPj0
Hydrhttps://amzn.to/3w3R5nQ
Dell XPS 15: https://amzn.to/30PepbB

The House of Representatives voted to restore tariffs on solar panels made in four Southeast Asian countries – and so did the Senate. That move would seriously hurt the US solar industry.

May 3: The US Senate today voted to restore tariffs on solar panels. The vote was 56-41, with nine Democrats voting in favor. President Joe Biden has vowed to veto the legislation.

Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA), said:

Any legislation that threatens 30,000 American jobs and weakens our nation’s energy security to this degree should be dead on arrival.

Energy workers across the country are looking to President Biden to protect their livelihoods. We urge the President to quickly and decisively veto this damaging resolution.

April 28: The 221-202 bipartisan vote sends the measure to the Democratic-controlled Senate – 12 Democrats voted for it, and 8 Republicans voted against it. President Joe Biden has said he will veto the legislation.

In 2022, President Joe Biden waived tariffs on solar products made in Cambodia, Malaysia, Thailand, and Vietnam while the US Department of Commerce (DOC) conducted an investigation into whether those imports were circumventing duties on goods made in China, thus violating US law. The DOC is expected to issue its decision next week.

The majority of legislators voted for this measure to boost US solar manufacturers who say they can’t compete with cheaper solar products made in Asia. But while that’s well intended, it’s very poorly executed, due to timing.

The bottom line is, US solar manufacturing is growing, and it does need legislative support – the Inflation Reduction Act does that. But US solar manufacturing is nowhere near robust enough to supply the huge and growing domestic demand for solar products. That’s why Biden waived the tariff – to keep the supply chain going while US domestic manufacturing ramps up.

The reinstated tariffs are going to boost costs for US solar developers and slow down the supply chain, and thus solar developments needed to fight climate change. We don’t have time to delay the fight against climate change.