SEIA: Solar panel tariffs have contributed to 10.5 GW of canceled solar contracts

Article originally published by Solar Power World Online

Tariffs on imported solar cells and modules have led to the loss of more than 62,000 U.S. jobs and $19 billion in new private sector investment, according to a market impact analysis released today by the Solar Energy Industries Association (SEIA)…

In addition to its economic impact, tariffs on solar have caused 10.5 GW of solar installations to be cancelled, enough to power 1.8 million homes and reduce 26 million metric tons of carbon emissions.

· Solar tariffs are costing the U.S. more than $10.5 million per day in unrealized economic activity
· Each new job created by the tariff results in 31 additional jobs lost, 5.3 MW of solar deployment lost and nearly $9.5 million of lost investment
· Reduced solar deployment figures will increase emissions equivalent to 5.5 million cars or 7 coal plants