If you are going solar, prepare to pay more for the panels. On Thursday, the Commerce Department levied antidumping duties of more than 31% against 61 Chinese companies, and nearly 250% on some smaller players. This is one of the largest antidumping punishments against China.
The end result will make solar panels more expensive and could cost Anerican jobs as higher prices may slow the demand for solar technology. In Hawai'i a new building regulation requireds all hot water heaters be solar powered. This will increase the cost to home buyers, businesses and new government buildings. Read more here!
Because of this action, expect to see more campaign donations to the Obama campaign by American subsidized companies and the Chinese.