Environment & Energy Report

Trump Offers Consolation Prize to Solar Industry After Tariffs

Jan. 24, 2018, 6:06 PM

Two days after slapping steep tariffs on solar panels largely opposed by the U.S. solar industry, the Trump administration is offering them a consolation prize—literally.

The Energy Department announced Jan. 24 that it was offering a $3 million “American Made Solar Prize” to incentivize new domestic solar manufacturing and a chance for entrepreneurs to tap into the agency’s network of national laboratories across the country.

The research effort is unlikely to placate the solar industry, which says Trump’s decision to slap 30 percent tariffs on solar imports will raise the costs of solar power, sap billions of dollars...

To read the full article log in. To learn more about a subscription click here.