Recently, the U.S. imposed 30% tariffs on imported solar cells and modules, which are imported primarily from Asia. According to the Trump administration, this is an effort aimed at allowing U.S. solar panel manufacturers to better compete with their lower cost Asian counterparts.
There are several questions surrounding the new tariff and how it will impact U.S. homeowners. What will this new tariff mean for Americans who want to install solar panels, as well as homeowners who already have a solar energy set-up in their homes? And what about consumers whose utility company relies on solar farms to provide energy to their local communities?
While the tariffs do raise the cost of solar panels to solar providers in the US, the actual impact on homeowners looking to go solar is pretty low. And that’s good news for you!
If you’re considering investing in solar panels to power your home, you can be sure it’s still a wise investment. As a consumer, may see a slight increase in panel costs, but considering the lifetime savings you can expect by going solar from reduced energy consumption, the return on a solar investment is still positive. You’ll find that the cost to upgrade your home’s energy to solar is still very affordable. Plus, when you combine your immediate savings with available government tax incentives, you’ll find that right now is still a great time to go solar. There are many federal and state incentives and tax breaks currently available to homeowners looking to go solar. However, these benefits will not last forever, as they are typically phased out over the course of a few years.
For homeowners who already have a solar energy system installed, the only impact is in maintenance. The cost of replacement panels may rise – but only slightly. There may occasionally be a slight delay in obtaining solar system components, but this problem is not expected to be significant.
Even if you don’t have plans to invest in solar energy for your home, you may still feel an impact from the new solar tariffs. In an effort to reduce the massive carbon footprint of electrical power companies, many local governments have enacted various sustainability standards and requirements. Because of the affordability and environmental benefits of solar power, many U.S. utility companies actually produce a fair amount of their power through renewable resources like wind and solar. In light of the tariffs, these types of projects will potentially become costlier than originally anticipated and the added expenses may be passed on to consumers.
At Blue Raven, our mission to provide the highest quality, most efficient installation to our customers. That isn’t going to change due to the recent tariffs that were imposed on the solar industry. We believe that solar energy is, and will always be, the most cost-effective way to power your home. The savings that homeowners realize from using solar energy as a power source will still be here.
If you’re considering installing solar panels, with current federal and state incentives, as well as attractive, low-interest financing from our partners, now is the best time to go solar. Blue Raven will offset some of the additional costs from the tariffs by helping you realize immediate energy savings through our BluePower Plus+ program with 18 months worry free (we cover your loan payments)!
If you’d like to learn more about how you can go solar and get all the promotions and tax breaks available to you, give us a call at 844-594-2333. We’d love to help and show you how much you can save by making the switch to clean, renewable energy!
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