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How Solar Will Fair with Trump in 2017

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Donald Trump has made clear throughout his candidacy, that he has many goals and ideas for reigniting American energy development through fossil fuels - such as oil and gas for quite some time now. The bigger question at play is; “What will happen to Solar Energy during a Trump presidency?”. We can get a good idea on energy policy and outlook by looking at a variety of cabinet appointments made in Trump’s Whitehouse administration. For example, Trump seeks to fill the U.S. Secretary of State with ExxonMobil CEO, Rex Tillerson. The head of the U.S. Department of Energy will be Texas Governor Rick Perry. Both appointments would lead many to assume that energy policy will be moving away from alternative and renewable sources.

As analysts, investors and speculators view the market, many are seeing some gains and losses within the renewable energy markets, and changes in major solar energy supplier stocks. Canadian Solar as an example, is trading near floor prices (among other manufacturers), and the price of their modules have seen a significant cost decrease – which equates to less $ per watt in hard system costs. Many would say solar is in trouble moving forward. In-fact, there has been speculation of Trump and Congress finding some way to scrap the U.S. Federal 30% Tax Incentive for system owners, leading to an ever-decreasing renewable future for the United States. Ideas have swirled that Trump through his push for traditional energy sources, will determine the course of the market and dictate supply and demand within the industry. Is all of this really possible in the gravity and scope that some may predict?

The reality is, these ideas couldn’t be farther from the truth.

When we take a closer look at energy in America, we begin to see some clearer, long-term signals that help gauge the solar market more accurately. We also get a reality check when we realize the federal tax credit being renewed until 2021. Finally, gaining insight on natural supply and demand and how little the Whitehouse has over a free market is minuscule at best.

Many everyday American homeowners want to go solar. Why? For one, an affordable solar energy system installed on your home or around it increases the value of your property as an investment. Another reason could be taking control of electric expenses for homeowners and commercial businesses that realize ROI in as little as 7-10 years. There’s also the willingness of many to do something to help contribute to climate change and take part in solving an ever-increasing problem that effects everyone on the globe.

The most important thing to takeaway is the power every single average American homeowner has in supporting and acting on going solar in 2017 during a Trump presidency. And what’s important to note is during the period of concern and worry, just like any solid growing market that experiences ebbs and flows – this is a buyers’ market. We here at Solaris believe now more than ever is the best time to go solar. Our stock of Canadian Solar modules are plentiful and priced competitively atop of the already reduced manufacturing costs coming from all over the industry.


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