GTM: Trump's tariffs will reduce US PV installations by 11 percent over the next 5 years

GTM: Trump’s tariffs will reduce US PV installations by 11 percent over the next 5 years

© GTM Research

23.01.2018: According to new analysis by GTM Research, the tariffs on imported solar cells and modules set forth by the Trump administration will result in an eleven percent decrease in U.S. solar PV installations over the next five years. This represents a reduction of 7.6 GW of installed solar PV capacity between 2018 and 2022. The biggest impact will be reached in 2019. Projects under construction or with modules already in inventory will damper the effect on 2018 installations.
GTM Research notes that the tariffs result in an average $0.10/W increase of prices to modules in the first year, stepping down to a $0.04/W premium by the fourth year. According to the analysis, the utility-scale solar segment will be more heavily affected than the residential and commercial solar segments, taking 65 percent of the expected 7.6 GW of reductions over the next five years.
At the beginning of 2018 (before the President’s decision), the consultancy expected that the total installed US PV capacity will more than double over the next five years and by 2022, nearly 15 GW of PV capacity will be installed annually.

 

Monty Bannerman

ArcStar Energy

+1-646-402-5076

www.arcstarenergy.com