Scale rivaling utility players. Power shutoffs. And a whole lot of batteries. Here are the latest trends in the U.S. home solar market. Fall earnings season brought a barrage of new data on the performance of rooftop solar installers, since all the large national players are publicly traded. For one thing, the national residential solar […]
US Solar Executives Break Down the Odds of an ITC Extension
The chances of an ITC extension have improved, though it still looks like an uphill battle, solar executives say. With the end of 2019 approaching, the impending phase-down of the federal Investment Tax Credit is top of mind for solar executives. Unlike the ambivalence within the wind industry about an extension of its Production Tax […]
Vivint Solar’s Q2 Operating Loss Deepens as It Invests in New Sales Channels
The rooftop solar industry is grappling with how to keep customer acqusition costs down, and the number-two player is not immune. Vivint Solar, the second largest U.S. residential solar installer after Sunrun, grew its Q2 deployments by 19 percent to 56 megawatts, but reported a deeper operating loss. Vivint said it’s investing in new and […]
The Sunnova IPO: 3 Strategies for Success
Wood Mackenzie’s Michelle Davis looks at how Sunnova could thrive after what would be the first residential solar IPO in years. On June 27, 2019, Sunnova submitted a pre-initial public offering prospectus to the U.S. Securities and Exchange Commission. It would be the first residential solar company to go public in the U.S. since 2015. […]
Tesla’s Drop Continues in US Residential Solar Rankings
The company’s market share has plunged as it moves to lower its customer acquisition costs. Tesla sank to third place among U.S. residential solar providers for installations in the first quarter of 2019, continuing the one-time market leader’s dramatic decline. The latest ranking from Wood Mackenzie Power & Renewables shows Vivint Solar knocking Tesla out […]