this post was submitted on 12 Dec 2024
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Been reading about this, sucks, but makes sense.
China is subsidizing production, using heavily polluting plants, and crashing costs to steal the market. It's a mafia tactic. Once they fill the market, they'll jack prices up. The Trump administration excluded bifacial panel tariffs which turned out to be a huge problem since they became the default. Then Biden waived duties for 2 years which compounded it.
While investments are being made domestically, the administration has tried more but installers just want them cheap, and it's too late for the US to copy China. So now there are huge tax benefits from the Biden administration, but they need to get people to switch over to using them.
Now the only way to make that happen appears to be to raise the prices up before Chiba gets the opportunity to saturate the market and do the same. The hope is this will get people to leverage the tax benefits to get the same prices domestically. Hopefully it's not too late.
It's actually a pretty interesting geopolicial whirlwind.