SolarCity cuts co-founder salaries to $1, announces job losses
In an SEC filing, the distributed solar market leader reveals that it expects to incur restructuring charges of $3-5 million in light of unspecified number of job losses. The company’s CEO and CTO will accept reduced salaries as reduced guidance bites.
Sunrun reports strong Q2 results
The third-party residential solar company is still struggling with high costs in its partner network, but has surpassed Vivint Solar as the second-largest residential solar installer in 2016 so far.
Vivint Solar bounces back in Q2 results
In results for its first full quarter since the failed merger of Vivint Solar and SunEdison, the residential solar installer reports recovery and record low costs.
SolarCity Q2 installation levels beat guidance
The largest distributed solar company in the U.S. installed 201 MW in the second quarter, however the company is still lowering its full year guidance.
Louisiana to shut down solar tax rebate after exceeding cap
Advocates believe that the cap on rebates may impact homeowners who installed solar before the law changed in July 2015.
Largest solar rooftop system in the US installed on the Mandalay Bay Convention Center
A giant 8.3 MW solar rooftop system has been installed by NRG Energy on MGM Resorts International’s famous Mandalay Bay Convention Center in Las Vegas, making it the largest in the U.S.
