Will Solar Prices Skyrocket? What Trump’s Tariffs Could Mean for You

Dec 23

If you’ve been paying attention to the news, you’ve probably heard that President-elect Donald Trump has proposed steep tariffs on a wide range of imported goods. If implemented, this move could shake up the solar industry in a big way.

Basically, given that most solar equipment is currently manufactured outside the United States, there’s growing concern that consumer prices could skyrocket if these tariffs come into play.

While it’s good to keep an eye on developments like these, let’s take a step back and breathe for a moment—because at this point, it’s all just speculation. And, even though nothing is set in stone, we still want to help you make some sense of the situation, so we’re going to explain why these tariffs are being discussed, what we actually know about them right now, and what they could mean for those looking to invest in solar equipment in the near future.

Let’s jump in!

What We Know (and What We Don’t)

Yes, the Trump administration has announced its intentions to impose tariffs on a broad range of imported goods. Reports suggest tariff rates could reach up to 100% on Chinese imports, 25% on goods from Canada and Mexico, and 10% for products from other countries.

These are some really hefty percentages and they could definitely apply to a range of solar products, including inverters, batteries, solar panels, and power stations. On top of that, Trump’s team has also hinted at scrapping clean energy incentives, like the Federal Solar Tax Credit, which was introduced under President Biden and is supposed to run until 2035.

So, yes, if both of these major changes are implemented, they could make solar equipment more expensive for consumers.

But here’s the thing: nothing has been finalized just yet! Even industry experts can’t predict exactly how much tariffs will increase, how long they’ll last, or how severely they’ll impact the solar industry. Right now, it’s all a waiting game.

What’s Behind All of this Tariff Talk?

If this all sounds familiar, it’s because we’ve been here before. Back in March of 2024, President Biden raised tariffs on solar cells in an attempt to level the playing field against China, whose dominance in the solar market has suppressed prices to the point that it has hindered U.S. domestic production of solar equipment.

Trump’s proposed tariffs aim to build on this strategy, but on a larger scale, and with a more sweeping impact on all types of manufactured imports, not just solar panels. The idea is that these heavy tariffs will help boost U.S. manufacturing, create American jobs, and reinvigorate the economy.

In an ideal scenario, these measures would increase costs in the short term, with the long-term goal of strengthening American manufacturing, including the domestic solar industry. The idea is to raise prices on imports, making them less appealing and encouraging buyers to choose domestic alternatives, including American-made solar products.

So, Should You Panic Buy Solar Gear?

Short answer: No. Unless you were already planning to purchase solar equipment in the next few weeks, there’s no reason to rush out and buy something that you don’t really need right now.

Unfortunately, we’ve already noticed that some retailers are using the fear of rising prices to push consumers into “panic buying.” While it’s true that tariffs might make imported products more expensive, no one can predict exactly when or by how much.

Additionally, solar technology isn’t going anywhere; it’s still in its early stages, with plenty of room to grow and evolve, so the equipment might get less expensive and more efficient in the future, regardless of the tariff situation.

With that said, if you’re already in the market for solar panels or other types of solar gear, now could be a good time to buy. Here’s why:

The Solar Tax Credit: The federal tax credit renews at the end of each year. While it’s supposed to be extended, there’s no guarantee it will be available next year. As we mentioned earlier, there have already been a few references to cutting these incentives once the Trump administration takes office.

Potential Tariff Timing: If some of the steep tariffs that have been touted do take effect early next year, the cost of imported solar products could rise. Buying now could potentially save you money if the equipment you end up purchasing comes from overseas.

A Word of Caution About the Situation

As always, be wary of companies trying to manipulate the situation for their own benefit. Some are already making bold claims that prices will skyrocket or that incentives will disappear overnight. The truth? They don’t know any more than we do.

Yes, prices certainly could go up, but they also might not. Likewise, the current solar tax incentives could disappear, or they could stay in place.

Remember, these companies and retailers want to make a sale, so it’s not always a great idea to allow yourself to get wrapped up in their marketing, even if it does sound compelling.

What’s the Bottom Line?

For now, there just isn’t enough concrete information out there to justify the panic buying of solar equipment. Solar prices have been steadily declining over the past few years, and while tariffs might cause a temporary bump, the long-term outlook for solar remains bright (pardon the pun).

If you’re considering going solar, focus on what makes sense for your needs and budget right now. Don’t let fear-based marketing pressure you into a decision.

Solar isn’t going anywhere, and neither are we. Once we have more clarity on the situation, we’ll try our best to keep you updated. And if you are looking to invest in any solar equipment right now, we’ve attached a few discount codes below that can help you save a few bucks.

Stay informed, stay grounded, and stay charged!

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