The United States solar industry, including module suppliers, manufacturers, renewable energy developers and other utilities, have been under great fire. Supply chain issues which impact the immediate future of the market. These supply chain issues have led to an increase in shipping and equipment costs for solar cells and panels. There have been a few independent factors which have impacted this market. These factors include:
- The Antidumping and Countervailing Duties (AD/CVD) Anti-Circumvention Petition filed by Auxin Solar
- Section 201 Tariffs
- The Uyghur Forced Labor Prevention Act and Forced Labor WROs
- General Global Supply Chain Issues (likely resulting from COVID-19)
It’s of no surprise that individually any of these factors could lead to an impact on this market. However, the combination of all of them has left much of the US solar energy sector with questions. The level of uncertainty surrounding these supply chain issues have left many solar companies across the US postponing solar projects planned for 2022 due to the inability to get their materials and resources.
Thankfully, due to Genie’s strategic positioning with Prism Solar Technologies and the strategy to source from ethical 1st world countries, Genie is not currently experiencing the panel shortages other companies are experiencing. With strong supply chain relationships, and volume orders, Genie is currently in a position to complete all prior projects while continuing to grow and add new projects through the duration of 2022. If you are concerned about a project being constructed, reach out to our solar experts.