The Real Impact of Solar Tariffs on Residential PV System Costs
The tariff will increase the cost of imported solar panels by 30%, yet the net impact on the cost of residential solar is actually much less. The total cost of a solar PV system is comprised of many other aspects, including other non-tariff equipment such as inverters and racking, labor costs, sales and marketing costs, and permitting fees. The price of these other components will remain the same (and possibly drop) as the solar panels incur a 30% duty.
While many solar contractors are using this tariff decision as a great opportunity to scare customers and employ some gimmicky marketing tactics, SolarTech has performed a basic cost analysis to measure the impact of the tariffs on the total cost of a residential solar energy system. The net effect is a cost increase of about 6% for a typical installed residential solar energy system.