US home solar installers brace for slowdown as California reform looms

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

U.S. residential solar installers are bracing for a slowdown this year as California, the sector's pioneer and biggest market, is days away from slashing a subsidy for panel owners that has underpinned more than a decade of explosive growth.

. They and others have noted a spike in California installations this year as consumers scrambled to get systems connected before the policy change on April 15.

EnergySage, an online solar marketplace, told Reuters the number of buyers on its platform increased 500% in the first quarter, ahead of the policy's implementation. Analysts from CFRA Research and Roth Capital have predicted consolidation in the rooftop market this year. Meanwhile, companies expect the new policy's incentives for battery storage will boost sales of those systems, which can cost $10,000 or more to install.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

…because the last thing California needs is energy-efficient solar. Energy companies like SDGE absolutely OWN Sacramento politicians and utility regulators

I called a local solar company a few days ago and they told me not to buy. Mmmmm. I wonder why.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines