As the US government under President Trump imposes tariffs on Chinese-made clean energy products, there are implications for the UK market. The UK may become a primary alternative for solar panels and other green tech components diverted from the US. This shift is expected to increase supply, leading to lower costs for renewable technologies like solar panels and heat pumps. As prices drop, this development could significantly help those looking to invest in eco-friendly homes, despite potential price increases in other regions due to tariffs.
According to the International Energy Agency (IEA), China currently manufactures over 80% of the world's solar panel components and 95% of heat pump compressors.
Experts suggest that the redirected supply of solar panels, batteries, and wind turbine parts will lead to falling costs for renewable energy technologies in Europe.
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