Greetings, fellow solar enthusiasts! Today, I’m going to share a round-up of the latest news happening in the world of solar we all love and advocate for. These stories are not just fascinating but also insightful for anyone who’s considering investing in solar panels for their home or perhaps becoming part of the many growing solar companies worldwide.
First up: In 2023, solar and storage technology accounted for a third of the transferable tax credit market. This might sound technical, but it’s exciting news for solar advocates like you and me. Essentially, it means solar is becoming more economically competitive, which in turn, will boost the adoption of solar arrays for home use. According to Crux, a marketplace specializing in transferable tax credits, between $7 billion and $9 billion worth of transactions were made, making the solar market’s future look brighter than ever!
I’ve also got some innovative product news for you. Johnson Controls has launched a new type of heat pump that uses water instead of compressed air to generate heat, delivering high-temperature hot water up to 176 F. This product is a testament to how solar companies constantly innovate to make solar power more beneficial for homeowners and the broader society.
Now, let’s talk about manufacturing. Solar optimizer manufacturer, Enteligent, is moving its production facilities to the United States. It’s a strategic decision that will allow inverter manufacturers to maximize their transferable tax credits. This shift demonstrates how savvy business decisions and supportive government policies can stimulate growth within the solar sector.
Next up: Recurrent Energy. The solar company has managed to secure a whopping $500 million equity investment from BlackRock. This massive financial injection will further help them develop solar power, transitioning from pure developers to long-term owners and operators in select markets in the U.S. and Europe.
For those interested in large-scale solar developments, a recent study from the Berkeley Lab offers crucial insights. The study identifies common community concerns around projects and suggests strategies for developers to address these perceptions positively. These findings are invaluable for solar companies looking to foster good relationships with the communities in which they operate.
Finally, let’s go mobile! Pioneer Power Solutions has announced a lithium battery trailer for electric vehicle charging and disaster recovery. The trailer is zero-emissions, further underscoring how solar can contribute to a more sustainable future.
Now, for a bit of a reality check. California, a state that has been at the forefront of clean energy, faces challenges. The state’s rooftop solar industry is rapidly losing jobs and companies due to policy changes. However, the crisis is also a call to action—with the right policy adjustments, the solar company sector can recover, and rooftop solar can continue to boost clean energy output.
This news roundup is a testament to how vibrant and dynamic the solar sector is. From individual homeowners installing solar panels for their homes to solar companies developing large-scale solar arrays, the future of solar truly shines brighter with every passing day. Stay tuned for more updates in the fascinating world of solar!
Original Article: https://pv-magazine-usa.com/2024/01/24/sunrise-brief-california-unlikely-to-reach-clean-energy-targets-without-rooftop-solar/
