Statement by Gregory Wetstone, President and CEO, American Council on Renewable Energy (ACORE)
Washington, D.C. – “The President’s decision to impose a 30 percent tariff on solar cells and modules will raise electricity prices even as it costs jobs in the solar energy sector. Make no mistake, this is the government intervening in the marketplace to reduce the expansion of solar energy.
Typically, tariffs bring benefits to the American workforce that must be weighed against the higher costs they impose on consumers. In this case, however, thousands of jobs will be lost across the solar development and installation sectors, and among companies that manufacture solar components such as inverters and racking systems. Meanwhile, American consumers and companies will have to pay more for solar technology that continues to drive growth across the globe.
While we are confident that the American solar sector will remain vibrant, this is a needless drag on an important source of domestic investment and job creation.”
The American Council on Renewable Energy (ACORE) is a national non-profit organization leading the transition to a renewable energy economy. With hundreds of member companies from across the spectrum of renewable energy technologies, consumers and investors, ACORE is uniquely positioned to promote the policies and financial structures essential to growth in the renewable energy sector. Our annual forums in Washington, D.C., New York and San Francisco set the industry standard in providing important venues for key leaders to meet, discuss recent developments, and hear the latest from senior government officials and seasoned experts. For more information, visit the ACORE website and follow @ACORE on Twitter.
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