Starting December 1, 2024, China will lower the export tax rebate for solar cells and panels from 13% to 9%. This change is expected to raise the price of Chinese solar panels by about 4%, prompting many companies to consider building manufacturing facilities outside of China.

The reduction applies to key photovoltaic products, including:

• HS Code 85414200: Photovoltaic cells (not assembled into modules)
• HS Code 85414300: Photovoltaic cells (assembled into modules)

This policy shift could have a major impact on the global solar industry, as businesses explore more cost-effective ways to maintain competitive pricing and production.