This is your SolarWakeup for December 4th, 2023
California Woes. There’s no time wasted to 1-2 punch the residential solar market. Changing to NEM 3.0 took major air out of an important market that has kept the grid up and running, creating tens of thousands of jobs. Now, just as resi companies are also struggling with interest rates, but adjusting to a solar plus storage reality, the CPUC is coming after the homeowners with higher fees. Basically what homeowners are told by regulators is, don’t go solar but if you do, then you’ll pay us more anyways and if we need your power which we will, then you won’t get paid for it. I was actually expecting the Newsom/Desantis debate to bring solar up given the way that California has gone versus Florida and how silent Newsom has been on the issue.
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.
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for December 1st, 2023
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.
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for November 30th, 2023
If You Mustache, You Must Give. Several of my colleagues at FlexGen have been participating in Movember this month (Zoom calls have been invaded by less than appealing mustaches). Movember is the leading charity changing the face of men’s health and works to tackle the biggest health issues faced by men – prostate cancer, testicular cancer, and mental health and suicide prevention. Since 2003, Movember has funded more than 1,250 men’s health projects. Please consider supporting the FlexGen Movember Team.
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for November 29th, 2023
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/
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for November 28th, 2023
Real Estate, From A Bird’s POV. Parking Lots, rooftops and flexible substations. These are the simple steps to a grid taking advantage of the technologies that drive us forward. We even have the technology to put solar farms on the land without having to tear the land up in terrain following trackers. 250,000 rooftops in DC is a fourth of the original million rooftop goal set in California but in an area more similar to a Sacramento than the 5th largest economy in the world.
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.
News
Opinions:
Have a great day!
Yann
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.
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for November 21th, 2023
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!
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for November 20th, 2023
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/
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for November 17th, 2023
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.
News
Opinions:
Have a great day!
Yann
This is your SolarWakeup for November 16th, 2023
Missed Offshore Wind Opportunity. UK did what the US has thus far failed to do and that’s to renegotiate the PPAs for offshore wind developments that are now unbuildable. Thanks to inflation, supply chain issues and interest rates rising, the offtake agreements are just not bankable and the only way the generation can find its way onto the grid is with an adjustment. If the PPAs go back to bid, guess what will come back? Higher rates, but instead of now, the projects will get further time delays, so why not just get it done.
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.
News
Opinions:
Have a great day!
Yann