Lifting Tariff Exemptions on Solar Panels

Lifting Tariff Exemptions On Solar Panels Will Boost Bridgelink’s Presence In The Renewable Energy Space

How Will Lifting Tariff Exemptions on Solar Panels Benefit Renewable Energy Companies?

 

Solar energy has been touted as a clean renewable resource that can help reduce our dependence on fossil fuels. But now, the future of this technology may be uncertain after the U.S. Department of Commerce launched an investigation back in March into possible trade violations against Asian manufacturers of crystalline silicon photovoltaic cells and modules.

 

In 2009, the United States was producing about 1% of its electricity from solar power. This number has increased to about 2.5% today. However, this increase has been largely due to the government’s investment in research and development. The Energy Department’s goal is to have 10% of our energy come from solar sources. Despite these goals from the government, according to a study conducted by GTM Research, 80% of the solar panel manufacturers have reported that the investigation has jeopardized the completion of at least half of the solar projects they had planned to complete by 2022.

 

The lack of panels has caused many solar energy projects to be delayed or canceled. The Biden Administration says they have declared an emergency condition in order to increase the domestic production of panels. This move from the President would ensure that we can meet our demand for panels, support module production domestically, and make sure that we do not lose jobs in the industry.

 

By evoking the Defense Production Act, the White House claims that the decision to exempt solar from tariffs will allow business to continue investing in the industry. They hope that this investment will lead to job creation and encourage further innovation. Additionally, the President has also stated his intention to cut taxes for businesses and individuals who invest in solar energy. He plans to do this through tax credits and other incentives.

 

The Defense Production Act was passed into law in 1950 and amended in 1951. This act gives the President the power to mobilize private industry to meet national defense needs. In February 2009, President Obama signed Executive Order 13489, directing federal agencies to use their authorities under the DPA to increase production of infant formula.

 

As our work continues at Bridgelink, we are dedicated to finding ways to boost our project timelines and create jobs across the country through our renewable energy efforts.  Our organization applauds the effort by the Whitehouse to keep the needs of our planet first by ensuring solar thrives across the country. Ultimately, this will allow companies like Bridgelink to resume construction, encourage investments in renewables, and stimulate economic development in urban and rural communities.

 

For Media Inquires:
David Kash Vasquez
dvasquez@bridgelinkengineering.com

Share Post:

texas renewable energy provider, solar energy usa, texas solar energy company, renewable energy company, renewable energy industry, renewable epc solutions, european renewable energy solutions provider, renewable energy provider europe, bridgelink power, solar energy europe, bridgelink engineering, bridgelink europe

Subscribe To Our Newslettter

NO SPAM — only Updates, News and Current Events about Renewable EPC Solutions.

Related Bridgelink News

5 Ways You Can Get Involved on Earth Day by Bridgelink Engineering

5 Ways You Can Get Involved With Earth Day At Home or Work

In 1969, Senator Gaylord Nelson along with a group of passionate environmentalists began what would be known as Earth Day.  While they may not have realized it at the time, the significance of their work would become a movement for people around the world. As a reflection on this day, many people question how they too can support calls for a clean Earth and continue the preservation of humanity for future generations who will inherit the planet.

Read More »
EOS Energy Enterprises Secures Record-Breaking Order from Bridgelink Engineering Sister Company Bridgelink Commodities, LLC

EOS Energy Enterprises Secures Record-Breaking Order from Bridgelink Engineering Sister Company Bridgelink Commodities, LLC

EDISON, N.J., (GLOBE NEWSWIRE) — EOS Energy Enterprises, Inc. (NASDAQ: EOSE) (“EOS”), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced it entered into a master supply agreement with Bridgelink Commodities, LLC (“Bridgelink”) for proposed storage projects across Texas. Bridgelink has committed to purchase 240 MWh of energy storage capacity provided by Eos’s Znyth™…

Read More »

Give Us a Call or
Chat With Us