The US solar market faces significant potential cost increases due to impending tariffs resulting from antidumping and countervailing duty (AD/CVD) investigations into solar cell and module imports from Cambodia, Malaysia, Thailand, and Vietnam, according to a recent analysis.
A study commissioned by the American Council on Renewable Energy (ACORE) estimates that US-made module costs could rise by USD 0.10 (EUR 0.09) per watt, with imported module costs potentially increasing by USD 0.15 per watt, reaching USD 0.32 and USD 0.40, respectively. Clean Energy Associates conducted the analysis.
ACORE President and CEO Ray Long expressed concern about the impact of these tariffs, stating, “Injecting uncertainty into the market slows economic growth and the good-paying jobs clean energy creates, undermines US climate objectives, and will inevitably raise energy costs for American families.”
ACORE warned that these tariff hikes, coupled with existing challenges and trade restrictions, could hamper the US' solar progress at a crucial time. The organization emphasized the urgency of scaling up US solar capacity to meet the government's target of reducing greenhouse gas emissions by 50%-52% by 2030.
