Sigora Solar Statement

CEO Responds to Trump Administration Solar Tariffs

January 23, 2018

 

CHARLOTTESVILLE, VA. - Logan Landry, chief executive officer of Virginia’s largest solar provider, responded today to the decision by the Trump Administration to raise import solar tariffs.

“In recent years, the solar industry created 260,000 jobs while other industries reduced jobs. Solar also hired workers 17 percent faster than the closest job-creating industry. This decision by the administration will only hurt the fastest-growing, job-producing industry in the nation. However, we do appreciate the President’s decision to reduce the initial ask by the US International Trade Commission from 50 percent to 30 percent, subsequently reducing the tariff by 5 percent each year.

“As soon as the tariff became an issue in May 2017, Sigora Solar launched two key strategies to minimize the tariff’s impact on customers. We streamlined our processes and reduced operating costs, while making bulk purchases of solar panels and equipment.

“Our strategies reduce the cost of solar, and because of these actions, we don’t anticipate a price increase for our current and future customers. Moreover, because we believe this tariff is targeted at Asian exports, we’ve strengthened our relationships with manufacturers in Canada and other nations around the world.

“The Virginia market is incredibly young and has more room for growth than virtually any market in the country. We will continue to provide the state’s most comprehensive and affordable solar power products and services. With Sigora Solar, Virginians will continue to have a choice for their energy needs, and will save money with our ‘Produce and Reduce’ program.”

Based in Charlottesville, Sigora Solar is the largest solar provider in Virginia. Founded in 2011, the privately-owned company ranks as one of Inc. 500’s fastest growing companies. It is the only solar provider in Virginia offering businesses and homeowners solar energy paired with energy efficiency, and no-money- down financing options. Sigora Solar works with customers to reduce their energy bills, sustain the quality of their environment, and shape the future of energy production and conservation.