ITC Steel Tariffs : How are they affecting your project?

Steel Tariffs Introduced in March for Solar Industry

As many of us know, March of 2018 was a volatile month for the solar industry, as steel tariffs up to 25% were imposed on manufacturers and steel importers to the United States.  In January, the International Trade Commission acting on orders from the President imposed an import tax or tariff on various products including solar panels, which immediately caused a number of utility scale projects to be halted until financial profitability could be once again guaranteed.  As a result of the steel tariffs imposed in March, a number of these utility scale projects are once again put on hold, while companies scramble to make projects profitable once again.

Quality Materials Reign in Utility Scale Solar

On March 22, 2018 the White House announced that it would offer exceptions to the tariffs to Mexico, Canada, The European Union, Australia, Brazil, Argentina and South Korea.  It is said that these exceptions were made due to political/trade relations and QUALITY OF MATERIALS PROVIDED.  As you can imagine, many utility scale solar manufacturers have not only had to completely adapt their supply chain, but also have lost a number of projects because of the use of inferior materials.  Though the tariffs are impacting almost every manufacturer in the US, there are some bright spots to be found.

Where Does the Steel Come From In Your Solar Project?

Sun Action Trackers is one of the only Solar Manufacturers globally that sources our steel from South Korea.  Our Magnesium Alloy Coated (MAC) Steel is sourced from POSCO and is in many ways a highly superior product.  Through UL testing and certification, we are able to prove our products resistance to harsh environments and its self healing capabilities.

We at Sun Action Trackers were pleased to learn of the steel tariff exemption allowed for South Korea.  This exemption allows us to continue to offer POSCO’s superior steel products at an even more competitive price.

-Pete Lipscomb, Director of Business Development

This could mean a possible advantage for your projects by installing a better material at a lower cost than other imported options.  If you would like to learn more about how Sun Action Trackers can help your project get back on track, or to learn more about our Dual Axis or Single Axis Solar Trackers, please feel free to CONTACT US for more information.

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