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Showing posts with the label 2018 at 11:40AM Chris Ip

The state of solar installers after Trump’s tariff

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Two days after President Donald Trump signed hefty tariffs on imported solar panels, a five-man team was hauling slabs of them up the outside of a brownstone in Brooklyn's Sunset Park. In below-freezing January winds, they set up steel tilt racks on the roof to hold 16 panels and wired the system to a solar inverter, making the power usable in the house and able to feed back into the electrical grid. The team from Brooklyn SolarWorks, an installation company with 21 full-time employees, finished the job around sunset. The contract cost about $27,000. But James Luria, a media consultant who has only owned the house for six months, expects to pay around $3,000 for the installation. "It was the obvious thing to do," Luria said. Among the reasons for the cut price: a 30 percent federal tax credit, 25 percent New York state credit, 20 percent off property tax in New York City and a net-metering policy that allows homes to sell their excess solar power back to the grid. Wh...