This is your SolarWakeup for November 27th, 2023

Plans Leading To Action. If I can sum up 2023 it’s all about ‘what we’ll do’. By that I mean it was a year of setting aspirational goals and developing plans, goals and guidance. When it comes to doing, it left something to the imagination. As I shifted from solar to storage nearly three years ago, I didn’t know that I would see myself transitioning into a trillion dollar market that would set the foundation for another leap in solar’s growth potential. But ultimately, when the IRA passed in 2022, we thought 2023 would create uncapped execution in 2023 as we all held our breath for the elusive guidance and of course interconnection queues. Storage, unlike solar, is also doing self discovery for the source of capital that wants to own an asset that does not generate electricity and oftentimes does not have an offtake agreement. Heading into December, you can see the what if becoming the we’re doing because unanswered questions are finding their solutions.

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