The warning from NASDAQ follows financial difficulties at the microinverter pioneer
The pending closure of the company’s office in Charleston is the latest sign of a changing approach to residential solar from the market leader.
Despite slower solar numbers in its monthly reports, NJ BPU expects a decline of at most 15% by the time data is finalized.
A packed house at the Arizona Corporation Commission indicated intense public interest in proposed rate changes that critics say punish solar customers but which Tucson Electric Power says are necessary so they can invest more in solar.
While other U.S.-based module manufacturers have struggled this year, the California-based company has quietly been expanding.
The decision keeps generation and transmission portions of the net metering credits under 100 kW at 100%, but lowers distribution credit to 25% of its current retail value.
GTM Research’s latest report predicts a 50% to 60% overall reduction to solar installations if trade action is taken, with the utility-scale sector taking the most significant hit.
The state’s house and senate have passed a bill to ensure that PV system owners who installed solar by the end of 2015 actually get the tax credit they were promised.
This is the second sale of loan assets for the company, which has experienced significant staff reductions and turnover in its executive positions.
With the third party solar company’s arrival, the big three residential installers have all lined up for a share of the state’s market.
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