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How Biden Could Save $437 Billion and Create Millions of Jobs by Reversing Trump Tariffs on Solar Panels

Originally published at http://www.commondreams.org/views/2020/12/12/how-biden-could-save-437-billion-and-create-millions-jobs-reversing-trump-tariffs

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Biden should end most if not all of trump’s ill-conceived tariffs because they are costing jobs here with very little job creation in return, not to mention making things more expensive for Americans, which is dragging down the economy even worse then it has already been dragged down by covid-19. I believe trump’s tariffs were mainly to bolster political support from the MAGA crowd, then as they caused a full blown trade war with China trump’s ego took over and his “tariffing” got out of control and had no strategic purpose other than to fulfill his pathological need to destroy other people or nations.

After seeing how quickly America ramped up for WW 2 , it seems that if humans could organize in the 1940s and create industry so quickly, then surely we could do that again. Isn’t saving the planet more important than a war? If we as a nation could do that and we did in the past as I have read news articles of that time where corporations were willingly revamping everything to get that switch over done quickly. But then–that was FDR, and we need corporations who care about what happens to America and the world and it’s not about making money----making a FUTURE is more important. But then too, after the debacle of Hoover, FDR was a mover and a shaker----- and we are barely surviving Trump—so I hope that Biden reads up on the last depression and uses people like the SQUAD and Bernie to make America’s transition into a workable one that can create a livable future.

I’ve often wondered why the big energy companies haven’t already invested big in solar. Out here in Arizona there are wide swaths of cheap sun drenched desert land.They could still corner the renewable market and only have the cost of maintenance, much cheaper than more drilling and refining.Even with rebates leaving the cost at $4,000 per homeowner most people would still have to be on the corporate tit eternally. I would think this would make good business sense to the greedy bastards.

The second largest wind farm creating electricity is in Indiana, north of Purdue university. The units are from Germany. The new owner is British Petroleum, who purchased about 6 months ago.

Juan,
If Portage, Michigan can manufacture the new vaccination for cordova, why can’t Ann Arbor manufacture solar panels? Why must they be imported from anywhere else?

Most of the cost increases we have suffered from the many Trump tariffs have been exacerbated by Covid-19. Trump tariffs doubled the price of oriented strand board (OSB), a mainstay of US residential construction. Now Covid-19 has pushed prices to 5 or 6 times what OSB cost when Obama was POTUS.

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Per article, “upfront cost of around $12,000 ($4,500 after the federal $7,500 tax rebate)”:

Per Google, the solar tax credit in 2021 onwards is 22%, so on a $12,000 system, the credit would be $2,640, not $7,500.

According to Google, the average cost of a solar panel installation in California ranges from $12,665 to $17,135.

The proof of the pudding may be in the eating, but the proof of viability of solar is in the numbers.

The main premises of this article are not well researched.

Financing solar is rather easy. Aside from Power Purchase Agreements (PPAs) and solar lease programs, solar loans are a very popular option:

~https://www.energysage.com/solar/financing/loan-providers/

The tariffs have not saved US manufacturing. The tariffs were too low and appeared on the scene too late. Too little, too late. Some Japanese manufacturing still exists in the US because it is more cost-effective to build in America to sell to America.

The “probably cost 60,000 jobs” statement is not backed by any economic analysis. It contradicts another statement: “Even though Trump’s solar tariff helped some U.S. panel manufacturers compete”.

Trump’s solar tariff is 15% on the price of solar panels in 2021. It does apply to the cost of the “balance of the system” (inverter(s), rails, conduit, cables etc.) and labor (2/3rd the total cost).

If prices are dropping 15% per year, US customers are essentially getting today’s panels at last year’s prices. For more analysis on this see:
~https://news.energysage.com/2018-us-solar-tariff-impact-prices/