Marketplace®

Daily business news and economic stories

Solar energy heats up despite tariffs

In 2018, the Trump administration imposed tariffs of 30 percent on imported solar panels and set quotas to limit solar imports. This caused a slump in the solar energy industry. But two new reports show that last year wasn’t as bad as the industry feared, and predicts a boom in new solar installations this year. […]

A solar farm under construction in Punta Gorda, Florida, on April 22, 2016.
A solar farm under construction in Punta Gorda, Florida, on April 22, 2016.
KERRY SHERIDAN/AFP/Getty Images

In 2018, the Trump administration imposed tariffs of 30 percent on imported solar panels and set quotas to limit solar imports. This caused a slump in the solar energy industry. But two new reports show that last year wasn’t as bad as the industry feared, and predicts a boom in new solar installations this year.

Click the audio player above to hear the full story.

Related Topics