After years of steady, relentless growth, the U.S. residential solar market is struggling with challenges on both the policy and customer acquisition fronts. And as the market diversifies away from California and the Northeast, the future is far from clear.
The last time the government watchdog group made solar news, they asked the Oregon attorney general to investigate what they called ‘deceptive sales practices’ in the state. Now they’re asking the Federal Trade Commission to do the same nationwide.
On Friday, Massachusetts Gov. Charlie Baker announced the state will reach its goal by New Year’s Day 2020, with the help of a prior $10 million commitment to support the state’s storage companies and develop policy options to encourage energy storage deployment.
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.
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.
Since 2012, the company has raised nearly $2 billion to support its business model of funding projects off its balance sheet.
The company will start its solar odyssey in Houston, but promises that it will expand its service area to other Texas cities in the coming months.
The state’s appeals court rejected the tax department’s contention that it should be able to treat third-party installed solar arrays as utilities for tax purposes.
While other large residential solar companies are contracting or even going bankrupt, Sunrun gained market share during Q1 2017.
SEC has subpoenaed Sunrun, and is also looking into the number of Tesla customers who have backed out of leases, after state officials received hundreds of complaints about sales practices.
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