Hello solar enthusiasts! There are always new updates and changes in the dynamic world of solar companies. Today on my blog, I’d like to discuss some of the latest happenings related to solar panels for your home, potential policy changes, and innovative advancements in the industry.
A significant issue currently perturbing existing solar customers in California is the potential cut in net metering under NEM 1.0 and 2.0. This scenario arises from recommendations by the California Public Advocates Office, posing a possible threat to the returns on investment for solar homeowners. Solar company proposals often rely heavily on net metering’s financial benefits to encourage solar adoption, so this potential change is certainly one to watch closely.
On a brighter note, Ohio authorities have greenlit a cooperative solar and energy storage facility featuring an impressive 110 MW solar array and a 20 MW energy storage facility. Solar for home just got a bit more exciting in Ohio! This endeavor is slated to occupy the same location as the Scioto Ridge Wind Farm, indicating a growing trend of combined renewable energy models harnessing various energy sources.
Solar Power is also growing popular within major corporations. Household names such as Microsoft, Google, Walmart, Starbucks, and T Mobile are listed as a few of the Fortune 500 companies that have officially hopped on the community solar bandwagon. These big players entering the solar space demonstrates the credibility and viability of solar power, heralding a future where solar will play an integral role in our energy mix.
However, not all news is rosy. Meyer Burger, a Swiss-German PV manufacturer, recently announced a halt to its plans for a Colorado Springs solar cell plant, along with restructuring plans, but the existing cell production site in Thalheim, Germany, will remain operational.
Lastly, Nestlé – yes, the brand that brings us our favorite chocolates – has made a significant investment in a 326 MW Texas solar project, which also includes an 86 MW battery energy storage system. It’s clear that companies understand the value and potential of solar power, and it’s inspiring to see these big names leading the way.
As we delve into the increasing number of options for a solar array for home, it’s crucial to stay updated on industry trends. Understanding the swiftly changing landscape of solar companies and policies can guide us to make informed decisions, whether as homeowners considering solar panels for our home or professionals within the industry. Stay tuned for more updates and keep soaking up that solar knowledge!
Original Articlehttps://pv-magazine-usa.com/2024/08/30/in-case-you-missed-it-five-big-solar-stories-in-the-news-this-week-12/
