U S exports photovoltaic solar panels

How many solar panels were imported into the US in 2024?

In 2024, the total finished US solar panel imports into the US amounted to 54.3 GW (gigawatt). Tariffs on solar panel imports from various Southeast Asian countries were implemented by the US Commerce Department, which could affect future import volumes.

Why did US solar panel imports decline 13% in 2024?

US solar panel imports declined 13% in 2024 amid harsh tariffs. Discover how top solar panel manufacturers are responding to rising costs and market shifts. The solar panel industry in the United States has been hit with tariffs imposed on imports from key manufacturing countries such as China.

How many solar panels will the US produce a year?

If every U.S. plant is running at its full capacity, the country should be producing nearly 50 GW of solar panels each year. With an expected 2024 installation rate of 40 GW, realistically, the United States should be able to fulfill all panel orders from within its shores. But the data shows otherwise.

Why are Chinese solar manufacturers rethinking export strategies?

Solar cells accounted for roughly 28% of all U.S. solar imports since the first round of tariffs, compared with 6.5% in 2023, the data showed. Chinese manufacturers are already revising export strategies due to concerns about tariffs on Indonesia and Laos, said Fei Chen, solar research analyst at consultancy Rystad Energy.

Why did the US impose a tariff on solar panels?

The U.S. government finalised steep levies on imports of solar cells and modules from Vietnam, Malaysia, Thailand and Cambodia in April, following two rounds of tariffs in June and November last year, to prevent dumping by mostly Chinese-owned factories in these countries.