Prevailing Wage and Solar Panel Tariffs Guidance Updates

Solar Panel Tariffs: Dept of Commerce released their preliminary guidance on the anti-dumping case today. Some suppliers were determined to be in violation (BYD, Trina, Canadian Solar, Vina Solar) and some were specifically cleared (Hanwha, Jinko, Boviet, New East Solar). 22 others didn't provide enough info so are still in limbo. Regardless, Washington has waived any anti-circumvention duties for two years, granting reprieve regardless of determination through May 2024. Here’s a link to Norton Rose’s more detailed overview.

IRA Prevailing Wage and Apprenticeship Guidance: Federal ITC prevailing wage and apprenticeship requirements were released and the headline is that investors are able to safe harbor projects through purchasing equipment in advance. This should be very similar to how investors safe harbored 30% ITC projects after it had stepped down to 26% a few years back. It seems like the market will function "as was" for at least a few years on most of these larger projects, assuming there's enough non-prevailing wage labor to support project pipelines. Here’s a link to Norton Rose’s more detailed overview.