Community solar up 42%, C&I up 18%, residential down 25%
Distributed solar fell 11% in 2024, dragged down by the residential segment, according to Ohm Analytics’s Q4-2024 report. However, signs of recovery emerged with a strong fourth quarter and increasing installation volumes throughout the year.
U.S. targets 50 gigawatts of solar in 2024
With projections of greater than 8 GW of distributed solar being installed, and more than 40 GW of utility scale solar, the country is projected to grow its solar fleet greater than 25% from its 2023 deployments.
Solar wins on cost
On Day One of pv magazine USA Week, a panel of experts explored the levelized cost of energy as well as current challenges to capacity expansion.
U.S. residential solar down 20% in 2024
A webinar hosted by Roth Capital Partners looked at the health of the residential solar market and forecasts for next year.
Puerto Rico’s solar net metering law at risk from federal oversight board
Puerto Rico led the nation in per-capita residential solar installations last year, but continued progress is threatened because a law extending solar net metering through 2031 has been challenged by a federal oversight board.
Slowing distributed energy growth continues into 2024
Ohm Analytics reported that the 2.3 GW of distributed generation, which includes rooftop solar, deployed in Q4 2023 marked the end of a long period of growth. Roth MKM warns that if a turnaround does not occur soon, residential solar could decline by 20% to 30% in 2024.
Sunrise brief: How long do residential solar panels last?
Also on the rise: Ohm Analytics details a complex distributed solar market. LS Energy Solutions to construct large-scale energy storage to serve CAISO market. And more.
Ohm Analytics details a complex distributed solar market
Third-party ownership and California are fueling residential solar growth, as interconnection and the solar coaster are slowing larger projects.
Sunlight Financial challenged to sell $550 million in residential loans
Following the Federal Reserve’s interest rate hikes, the loan products of the residential solar finance company Sunlight Financial are at risk of being sold for a loss. This has led the firm to question its ability to continue operating.
Sunrise brief: Solar developers react to Texas permitting proposal
Also on the rise: Silicon Valley Bank begins lending again for solar projects. California gold rush supporting 2023 residential solar market. And more.
