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.
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Yann
Happy Thanksgiving. I am thankful to have spent another year with you all in this crazy, amazing digital relationship. For those of you that are recent subscribers, thank you for joining and for those that have been with me for 12 years, thank you for making this part of my life. While I have had less time to write this year than ever before, I do enjoy sharing my thoughts from time to time with you and engaging in conversations about what is going on. We’re heading into the holiday season and that’s the time to reflect back on where this market has come from and where it’s ultimately going. We’ll be off until Monday, talk soon!
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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/
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California Going Backwards. For some reason, California is undoing decades of leadership in solar with policies undermining the ability to build more solar. While the State boasts some of the highest electricity rates, which will continue to support some solar market, it does not allow for many of the largest energy users to host and benefit from solar energy. Landing in any major California airport still shows acres and acres of empty rooftops.
Trackers Creating Jobs. I am very proud to see Nevados’s growth in the tracker space. This is a company I’ve been personally close to for many years and it’s amazing to see the demand for this incredible and much needed all terrain tracking solution allow for new job growth in the form of a steel partnership. With the Nevados tracker you can build solar farms without grading and disturbing the natural landscape of your leased land, lowering costs and reducing impacts to the natural habitat. It also works to lower labor costs with more traditional utility scale solar farms. Definitely consider them in your plans when you’re selecting vendors.
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.
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Yann