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Bifacial Solar Panels Explained-
Tax on bifacial solar panels
According to PV Magazine, the federal trade authorities have now ruled that bifacial solar modules are no longer subject to the Section 201 ruling, which would apply 25% tariff to majority of solar modules imported.
FAQs about Tax on bifacial solar panels
Are bifacial solar panels exempt from tariffs?
Bifacial solar panels, which are predominantly used in commercial, industrial, and utility-scale solar power projects, were previously exempt from tariffs. With the removal of this exemption, the cost of imported bifacial solar panels, typically ranging from $0.10-0.25 per watt, will increase by $0.015 to $0.0375 per watt.
Will bifacial solar panels lose exemption?
In addition to bifacial panels losing their exemption, the Biden Administration said it will raise the tariff-rate quota (TRQ) of silicon solar cells by 7.5 GW, if needed.
Will bifacial solar panels be exempt from Section 201 duties?
President Biden issued Proclamation 10779, ending the exemption from Section 201 duties on bifacial solar panels imported on or after June 26. Find out if your products are affected.
Did Biden put bifacial solar panels back under Sec 201 tariffs?
The Biden Administration today put imported bifacial solar panels back under Sec. 201 tariffs, after the specialty solar panels enjoyed a two-year exemption from extra duties first initiated by President Biden in 2022.
When can I import bifacial solar panels?
The affected solar cells and modules are classified under the following Harmonized Tariff Schedule (HTS) codes: Importers who signed contracts by May 16, 2024, may import bifacial solar panels without Section 201 duties from June 26, 2024, to September 23, 2024, provided the contract terms have not changed.
How much does a bifacial solar system cost?
With the removal of this exemption, the cost of imported bifacial solar panels, typically ranging from $0.10-0.25 per watt, will increase by $0.015 to $0.0375 per watt. For commercial projects with installation costs between $1.50 and $2.75 per watt, these increases will result in system price hikes of about 1-2%.
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