Peter Thurell, owner of Soveren Solar said Trump’s new tariffs on solar cells and modules has been the last contributing factor leading to the closure of his company.
Soveren Solar, a company many believe invented the concept of community solar in Vermont, is closing its doors only after eight years in operation.
“It is the latest of a series of blows to solar in Vermont, and we already decided it was too much,” Peter Thurell told the Reformer. “Not only the new (net-metering) rules but all of the hidden policy changes embedded in all of those.”
The Trump-approved taxes on imported solar cells and modules would levy 30 percent for the first three years, then fall to 15 percent in the fourth year.