President Trump’s tariffs have stifled growth for large-sized solar arrays in the third quarter, the industry’s lead trade group reported Thursday.
The administration’s section 201 tariffs on solar panels “took a toll” on large utility-scale solar projects in the third quarter, the Solar Energy Industries Association said in releasing its third-quarter business report with the consulting firm Wood Mackenzie.
The tariffs were some of the first to be imposed by the Trump administration in 2018, targeting imports of solar panels and modules from Europe and Asia. The solar trade group had pressed the White House not to move forward with the protectionist measures, saying it would do harm an industry that has been growing.
The market for smaller home-based solar projects, meanwhile, stabilized in the third quarter after suffering earlier damage from the tariffs, the report says. But it also projects that residential sales will be flat 2018, as long as Trump’s tariffs remain in place.
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Solar industry blames Trump's tariffs for slow third-quarter growth https://t.co/cNZpy9XYc1
— Washington Examiner (@dcexaminer) December 13, 2018
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