In Short : Shreya Mishra, CEO of SolarSquare, revealed that 100,000 Indian homes are switching to solar power every 40-45 days. This rapid adoption follows a trend where it once took five years for 100,000 homes to go solar by 2019. The growth is driven by increased awareness, rising electricity costs, and government programs like […]
Mosaic Surpasses $6 Billion in Loans Funded for Residential Solar and Sustainable Home Improvements – EQ Mag Pro
OAKLAND, Calif. : Mosaic, a leading financing platform for U.S. residential solar and energy-efficient home improvements, today announced it has surpassed $6 billion in loans funded through the company’s platform. This announcement comes just four months after the company surpassed $5 billion in loans, and nine months since $4 billion in loans was announced. “As […]
Plus Xnergy partners SUBPLACE for rent-to-own residential solar packages – EQ Mag Pro
PLUS Xnergy Holding Sdn Bhd has forged an exclusive partnership with SUBPLACE to offer residential solar solutions in the country. The partnership aimed to provide solar solutions for 2,000 houses within the next year, and up to 5,000 in the second year. Plus Xnergy group CEO and co-founder Ko Chuan Zhen said the scheme is […]
Residential Solar Energy Storage Market to exhibit a stellar CAGR of 14% | Market Research Future (MRFR)
Key industry participants in the global Residential Solar Energy Storage Market are ABB, LG Chem, Samsung SDI Co., Ltd, General Electric, Tesla, AEG Power Solutions, NextEra Energy, Inc., Abengoa, BrightSource Energy, Inc., Acciona, Evergreen Solar, Alpha Technologies, SunPower Corporation, and Solarwatt., among others. Residential solar energy storage equipment can harness the sun’s light and store […]
Sunrun Deploys Record Solar Capacity in Q4 as Battery Interest Increases
More than a third of Sunrun’s California sales included batteries, and more than half of all Bay Area solar installations were storage-paired. The nation’s top rooftop solar installer finished the year with a burst of home solar-plus-storage deals. Sunrun installed a record 117 megawatts of solar in Q4, within its most recent guidance for the […]
Solar lending company Loanpal raises $800 million
Renewable investment wave continues as solar lending company Loanpal raises $800 million Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home […]
Hawaii Will Power Its Clean Grid With 6,000 Home Batteries Installed by Swell Energy
Swell’s largest contract yet comes after lining up $450 million to aggregate residential solar-battery systems to help the grid. Hawaii’s largest utility enlisted a new tool in its quest for a carbon-free electricity system: thousands of batteries installed in people’s homes. Hawaiian Electric won regulator approval for a $25 million plan to harness solar and […]
Schneider Electric Solar Expands into Australian On-Grid Residential Solar with The XW Pro, Offering Reliable Home Backup Power Solution
Sydney, NSW : November 30th, 2020 – Schneider Electric Solar has announced a home backup solution for Australia that is compliant with the Clean Energy Council (CEC) safety standards. The new solution provides you with a steady & reliable source of sustainable energy while reducing your carbon footprint by up to 90% from fossil fuel-based […]
How the Coronavirus Pandemic Has Impacted US Solar So Far
Six months in, the pandemic has altered parts of the industry — perhaps permanently. Since the coronavirus pandemic began shutting down cities and states, the U.S. solar industry has had to cope with a new normal. Though it’s only been a few (very, very long) months, solar developers, financiers and installers have pivoted to new […]
SunPower Completes Spinoff of Manufacturing Assets to Newly Formed Company Maxeon
The two companies plan to continue working together closely in the coming years. Distributed solar and storage company SunPower and panel manufacturer Maxeon Solar Technologies finalized their split on Thursday. The transaction, first announced in November, will allow SunPower to focus on its core business of residential and commercial solar and storage sales while Maxeon […]