After being rocked by Trump tariffs, the solar energy business is bouncing back

  • 📰 CNBC
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

After two years of job losses in the solar industry, a California mandate is welcome and advocates are projecting demand to pick up.

div > div.group > p:first-child"> The home improvement company offers both roofing and solar installations, and is seeing an increase in demand for solar panels thanks in large part to a mandate in California where it's based. The state requires newly built homes to include solar power as a feature. The rule was passed last year and takes effect in 2020. As result, PetersenDean is projecting some 11,000 to 12,000 solar installations in 2019, meaning it needs workers, fast.

Since 2010, the solar industry has grown rapidly — increasing some 150% to nearly 243,000 workers in 2018 from just under 100,000 eight years earlier, the Solar Energy Industries Association said. At the time the tariffs were announced last year, U.S. Trade Representative Robert Lighthizer released a statement that said in part,"[T]he President's action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, and businesses." The Office of the U.S. Trade Representative refused to comment for this story, beyond its published materials.

SEIA's Ross Hopper said the California mandate, along with corporate procurement of solar products by big names like Target — and utility companies investing more in solar options to save customers money — are all favorable developments that will likely boost job growth in years to come.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Wasnt it the end of the world for the tenth, or so, time because of tariffs? I dont like them, but I understand them.

SEIA ugotter

Wait, I thought coal would take over.

Trump causes Cancer by promoting pollution and coal

Remarkable... Hahahah

Singapore Singapore Latest News, Singapore Singapore Headlines