Import tariffs on solar modules from Cambodia, Malaysia, Thailand, and Vietnam - as a result of Auxin Solar's petition - could slash solar PV capacity deployments in the U.S. by half in 2022 and 2023, compared to a baseline scenario. Until 2025, this would result in new deployment losses of roughly 34 gigawatts. Even without the imposition of such tariffs, the U.S. was not on track to meet the deployment capacity required to reach President Joe Biden's climate targets.
In September 2022, President Biden announced a moratorium on new import tariffs for a 24-month period. Nevertheless, the Department of Commerce reported it would continue its investigation based on the petition filed by Auxin Solar.
Forecast solar PV capacity deployment in the United States from 2022 to 2025, by scenario
(in gigawatts)
* Forecast as of Q1 2022. Considers the expiration of solar investment tax credit in 2024, under existing legislation.
** Considers tariffs on solar modules imported from Cambodia, Malaysia, Thailand, and Vietnam as a result of the Auxin Solar petition.
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Statista. (November 16, 2022). Forecast solar PV capacity deployment in the United States from 2022 to 2025, by scenario (in gigawatts) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1345677/solar-pv-capacity-additions-us-by-scenario/
Statista. "Forecast solar PV capacity deployment in the United States from 2022 to 2025, by scenario (in gigawatts)." Chart. November 16, 2022. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1345677/solar-pv-capacity-additions-us-by-scenario/
Statista. (2022). Forecast solar PV capacity deployment in the United States from 2022 to 2025, by scenario (in gigawatts). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1345677/solar-pv-capacity-additions-us-by-scenario/
Statista. "Forecast Solar Pv Capacity Deployment in The United States from 2022 to 2025, by Scenario (in Gigawatts)." Statista, Statista Inc., 16 Nov 2022, https://www.statista.com/statistics/1345677/solar-pv-capacity-additions-us-by-scenario/
Statista, Forecast solar PV capacity deployment in the United States from 2022 to 2025, by scenario (in gigawatts) Statista, https://www.statista.com/statistics/1345677/solar-pv-capacity-additions-us-by-scenario/ (last visited November 23, 2024)
Forecast solar PV capacity deployment in the United States from 2022 to 2025, by scenario (in gigawatts) [Graph], Statista, November 16, 2022. [Online]. Available: https://www.statista.com/statistics/1345677/solar-pv-capacity-additions-us-by-scenario/
