Hello there, solar enthusiasts! Are you curious about the solar industry lately? Noticed any major shifts or changes? With the ongoing bankruptcy of several key solar companies, it seems quite puzzling, doesn’t it? Let’s dive into this topic and understand what’s truly happening behind the scenes.
The solar industry is quite young, vibrant, and full of potential. Yet, like any developing sector, it is facing its own unique challenges. Some former big-names, prominent players like Titan Solar Power, Infinity Energy, Sunny Energy, Sigora Solar, and Sunworks have unfortunately sunk into bankruptcy. Even SunPower, once an industry giant, can’t evade this fate.
Have you ever wondered why some solar companies flourish while others go out of business? The answer is seldom about their annual sales volume. Instead, it comes down to their strategic approach. The companies that embrace long-term excellence over short-term gain, prioritize consumer education and adopt industry best practices are the ones that truly excel in this field.
Interestingly, more residential meters are spinning backward as more homeowners harness the energy of the sun, despite these recent setbacks. With a diversified portfolio, a focus on long-term success, consumer-centric approach, the solar industry continues its thriving journey.
Running a small business in this industry isn’t a walk in the park. High interest rates juxtaposed with changes in government regulations sometimes dampen consumer demand. Yet, the real pitfalls come when companies shoot themselves in the foot with under-trained sales teams, inaccurate system designs or misunderstanding financial obligations. These, sadly, could easily be avoided.
The diversified portfolio is a common success formula for many solar companies that are staying ahead. By offering complementary services such as roofing, electrical work, or general contracting, they not only weather market fluctuations but also provide added value to homeowners.
Consumer education is a must, particularly given the complexities and long-term investment involved in solar. Solar panels for your home are a major financial consideration. Companies that prioritize educating customers over hard sales tactics usually end up with happier customers who turn into solar advocates.
NABCEP certification is another factor synonymous with success. This certification highlights installers who have taken the time to learn and implement best practices in solar and battery installation. It’s like a badge of honor that demonstrates their commitment to higher industry standards.
As high-profile solar companies bid their premature adieu, it undoubtedly creates ripples across the industry. It leaves others not just with the task to reassure customers about the industry’s stability and the product’s benefit but also with a golden opportunity to learn from these failures.
Nonetheless, it remains an exciting time to become a part of the solar industry. Rising utility rates magnify the economic appeal of solar. Property owners increasingly prefer eco-friendly, reliable, renewable energy sources. Furthermore, enhancement in technology and state incentives for residential solar installations breeze in more reasons to consider solar array for your home.
So, if you want to embark on your bright solar journey, now is the time! To ensure that you’re getting your solar panels from a trusted and reliable solar company offering competitive prices, consider using EnergySage , a free service that helps you go solar easily. With hundreds of pre-vetted solar installers competing for your business, you’ll get high-quality solutions and can save up to 30% compared to going it alone.
Cheers to a sustainable future powered by solar! Until next time.
Original Articlehttps://pv-magazine-usa.com/2024/09/26/recent-solar-industry-shakeup-shines-light-on-what-works-and-what-doesnt/
