A new reality: The path forward for California’s solar and storage industry

According to forecasts from Wood Mackenzie, California’s residential solar market will see a 40% decline in 2024.

California’s rooftop solar and storage market is changing, and the industry is learning to operate in this new reality.

California has been America’s top solar market for over a decade, installing more solar capacity than any state every year until Texas took over in 2021. While California reclaimed the number one ranking in 2022 and installations look strong in 2023, the shift in 2021 may be a preview of what is to come.

In late 2022, after years of debate, the California Public Utilities Commission (CPUC) unanimously approved a new way to compensate rooftop solar customers for the excess energy they generate. This decision moves the state from retail rate “net metering” to a new “net billing” structure that cuts the value of rooftop solar credits by about 75%.

Click here to read the full article
Source: SEIA

—

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.

/0 Comments/by
You might also like
Community centers are turning to solar & storage to provide power and are exploring new solar savings and benefit-sharing models along the waySolar energy powers America’s hospitals, churches & rec centers
Dozens of groups will tell the CPUP to revise the new rooftop solar plan to make solar more affordable for low-income communities.More than 100 groups ask CPUC to delay NEM 3.0
CA regulators are proposing a plan that could make it impossible for people in apartments, schools and small farms to reap the benefits of solar.Rooftop solar benefits for apartment buildings, schools in crosshairs of California energy regulators
The number of solar residential installations continues to climb every year and to break records. A government estimate shows how much.This year’s rooftop solar installations expected to break last year’s record, experts say
New projects have cratered and job losses are mounting in the six months since California regulators slashed the value of home solar systems.California’s rooftop solar policy is killing its rooftop solar industry
By the end of 2032, buying & installing solar energy system at your home makes you eligible for a federal tax credit for 30% of the cost.At 30%, solar panel tax credits are at a high point for now
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *