Solar Energy

How is the landscape of solar changing, and where will it take the industry?

Whenever you find yourself doubting how far you can go, just remember how far you have come.  Remember everything you have faced, all the battles you have won, and all the fears you have overcome.  – Anonymous

Two weeks ago, an infrastructure bill introduced to the US Congress from the Democratic Party that restarts the ITC back to 30% for five years.  How would this initiative affect your company?  Whether it passes or not, my main takeaway is that if the Democrats win the presidency, then renewable energy will help restructure how Americans live.  Even without the ITC changing, we see utilities like Dominion and PacifiCorp planning and designing programs to add 10GWs and 4.3GWs, respectively.

Although we are not doing well when it comes to COVID-19 and the tendency would be to be worried about financing your project, there is good news on that front too.  The banking industry is considering re-rating solar as an investment.  As with all investments, they are rated based on risk and returns.  The good news about solar is it keeps proving that the investment is safe and viable for the long term.  Re-rating would lower the cost of capital, driving more investors and cash to solar projects.
In the last few years, we have seen new PV manufacturers popping up in the US to compete for a place in the market.  What we have missed is a federal plan to make manufacturing in the US competitive with Asia.  We may think this is not possible, and that is part of the problem.  If you look at the high costs of manufacturing, they include staffing and energy.  Based on new manufacturing techniques, the human requirements have significantly reduced, and energy cost reduced by adding solar to the factory.

If you have two months before requiring modules please let us know, and we will remove all risk by auditing your order from BOM through delivery.

If you are a salesperson and you are looking for a new opportunity, please contact Robert or Karlita, and we would like to discuss your interest in sales.

As the solar industry continues to grow, the US federal government emphasizes reducing costs. By adding five more years to ITC and adding a carbon tax, this will cause companies with huge energy footprints to add more solar in their portfolios.  In Germany, the country that once was a manufacturing leader in solar has enticed Meyer Burger, a long-time supplier of high-tech machinery, to acquire the SolarWorld factory.  Their plan is to nurture what could become a 5-gigawatt European PV manufacturing hub in central Germany.

Have questions about inventory please contact Karlita for module purchases contact Robert…

Leave a Reply

Your email address will not be published. Required fields are marked *