This is your SolarWakeup for October 20th, 2023

Solar Is Booming. Solar is set to be the leading source by 2050 according to estimates and more solar is getting built this year than any year before.

And It Can’t Happen Bigger Or Faster. The planet needs solar and renewables to help electrify and decarbonize as much as possible, with big tipping points in climate change ahead. The economic upside of the energy transition is also not a bad side effect of dealing with this head on.

But Resi Is Having A Reset. Europe demand in residential is struggling and interest rates is putting massive pressures on the market and the requisite stocks that highlight the market performance. Residential solar isn’t going anywhere but it means folks will have to focus on what they’re best at in order to succeed. Partner with folks, pick those that you want to work with and realize that you can create win-win situations in semi-competitive environments.

Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.

Opinion

Best, Yann