More Manufacturing Security – Good News for Anyone Considering a Solar System for Home
In recent years, supply chain constraints have restricted the solar market in the United States. A swift government response brought tax incentives for manufacturers as well as a temporary stay on solar panel import tariffs to help stimulate the industry. Some of the decisions are now in the payoff stage, with a recent influx of new solar manufacturing plants popping up around America. The latest news sees yet another manufacturer preparing to build a solar cell and module facility in the U.S., a move that will further strengthen domestic solar. If you are considering a solar system for home, this news will be very much welcomed.
Maxeon Announces New U.S. Solar Manufacturing Plant
Maxeon is a solar panel and module manufacturer with almost 40 years of experience in the industry. The company announced recently that it is looking to expand in the U.S. market with a 1.8 GW assembly plant. This plant would complement its already established plant in Mexico, giving it excellent access and a more robust supply chain in the North American market.
This is exactly what the U.S. government has been hoping for. Today, 80% of the solar panels installed in America are sourced from overseas. By expanding domestic production, the local market will be less affected by widespread geopolitical issues, pricing fluctuations, currency instability, and other uncontrollable factors.
It’s also good news for consumers. A stronger manufacturing presence will mean better competition in the market between domestic and imported products, which could potentially benefit pricing at the consumer end. It could also mean shorter wait times for installations in the years moving forward, assuming that the supply of solar modules and panels continues to improve.
Maxeon joins other market-leading companies like Hanwha Q Cells, that have already established factories in America.
Will This Affect Your Project for a Solar System for Home?
If you’re looking to install a solar system at home, this latest news isn’t likely to affect your installation directly, because it could take several years before a potential new plant is operational. However, you’re still in a great position to get solar power on Long Island.
Prices are near record lows, thanks to a robust solar market, strong supply, and support in the form of state and federal tax credits and incentive programs. Solar is also easy to obtain even if you can’t pay for your system outright. With Long Island Power Solutions, you have access to no-money-down financing and an interest-free period based on expected tax credits.
In short, there has never been a better time to transition your home to clean energy.
Getting Started with Your Consultation for Long Island Solar Installation
You can get your free solar estimate online today. Our initial estimates are based on satellite data. We’ll then begin with the detailed consultation process and schedule a site visit to ensure that your home is ready for solar power. We also provide a cost/benefit analysis breakdown, so that you can compare the investment in solar to the potential returns over time.
Solar panels last for an average of 25 – 30 years, and most systems pay for themselves in generated savings within the first ten years. After that, all the savings are yours to enjoy fully.
Long Island Power Solutions is your reliable partner for Long Island solar installation. We have experience, with 5,000 systems installed so far, and we’re an approved NYSERDA solar installer, giving you the confidence to move forward with your project. The American solar industry is rapidly expanding. It’s time for you to start planning a solar system for home.