Climate Changed
Solar Developers Hoard Panels as U.S. Tariff Threat Looms
- Panel shortage forcing companies to put construction on hold
- U.S. solar prices have climbed 40% as supplies dry up
The Coming Storm of Climate Change
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Solar developers are suspending construction as the looming threat of U.S. import tariffs has driven up prices and spurred hoarding, crimping panel supplies.
“We’ve had roughly $500 million worth of work that we’ve had to put on hold,” said Scott Canada, who oversees renewable energy projects for McCarthy Building Cos. of St. Louis. “The supply of panels has just evaporated as everybody is grabbing what they can.”