Insights Newsletter #15
How to streamline you solar business, the latest news, & more!
Happy Friday!
Did you know the Super Bowl LVIII was held in the first 100% renewable NFL stadium? In addition to wind, geothermal, and hydroelectric sources, the Allegiant Stadium subscribes to a 621,000 solar panel system. For reference, the typical household might have about 20-24 solar panels (mind blown).
Now that you have your fun fact of the day, let’s get into the latest solar news, policies, and innovations.
Past Poll Results:
In the Insights Newsletter #14, we asked, “What social media platform benefits your business the most?”
88% Facebook/Meta
13% Reddit
0% Youtube, X, Other
Tell us about your solar business social media experience in the comments!
Streamline your solar business with SolarSuccess!
You can use Blu Banyon’s award-winning software to:
Reduce Costs: Decrease installation expenses by 3-5 cents/watt.
Boost Productivity: Manage projects more efficiently, increase employee output.
Faster Payments: Speed up your project-to-cash timeline by 40%.
Discover the advantages of SolarSuccess for your business today.
Solar Energy News
ADT Solar exited the market in January. The solar company is still relatively new (started in 2021) and was named a top residential solar contractor in 2023. Based on the press release, ADT’s core security business performed well, while the solar business struggled. As a result, ADT is exiting the market and focusing on the core business.
When a company like this closes, customers might feel left out to dry. What can your solar business do? Consider providing services to help the homeowners in need, such as assistance figuring out what to do about a solar loan, lease, warranty, or even finishing their project. If your team can meet a customer where they are at, in any part of the process, you can find success.
Qcells is at it again with another partnership. This time Qcells is partnering with SOLARCYCLE to recycle solar panels in the US’s largest silicon-based panel factory. This collaboration ensures materials are reused in the domestic supply chain for clean energy products. SOLARCYCLE’s advanced technology recovers over 95% of the module’s value, which exceeds industry standards (whoop whoop).
This partnership is significant because it's the country’s first complete solar supply chain. What happens to your company's solar installations at the end of its life cycle?
Solar Policy Updates
Connecticut: Updates to the Energy Storage Solutions program in Connecticut include battery storage installation incentives, including a $16,000 incentive for residential customers (a $7,500 increase). Additionally, low-income and underserved community incentives also received significant increases.
Idaho: Joining states like California, Idaho is shifting away from net-metering and towards net-billing. The new comp rate will be 5.96 ¢/kWh (nearly 3 ¢/kWh decrease).
New Jersey: A recent bill was signed to expand community solar in New Jersey and encourage low-income and moderate-income residents to participate. A streamlined eligibility process and an increase in community solar size provides more opportunities for New Jersey residents.
Washington: The Senate and House introduced the Fair Access to Community Solar Act allowing community solar developers to leverage state and federal incentives to increase energy bill savings.
Want to connect with solar businesses?
Search no further! You can advertise in our bi-weekly newsletter reaching nearly 7,000 solar business professionals. Showcase your business, services, reports, events, and more. Get started by contacting our team.
Solar Energy Conferences 2024
RE+ Northern California: March 12-13
Santa Clara, California
Florida Solar & Storage Summit: April 29 - May 1
Orlando, Florida
RE+ Southeast: May 17-18
Atlanta, Georgia
Solar & Energy Storage Summit: June 12-13
San Francisco, California
Have a wonderful weekend!
-SBI team
The purpose of this newsletter is to stay informed on business in the solar industry. Advice or opinions may be included, but any actions taken are at your own risk. This page may include referral links or sponsored advertisements at no added cost to you. Any purchases made help support the creation of the Solar Business Insights newsletter. Please contact us with any questions.