Solar Residential News

Within the first day of accepting applications, California’s new Solar on Multifamily Affordable Housing (SOMAH) program is nearly fully subscribed, having received more than 240 applications representing over 74 MW of solar power generating capacity and $163 million in reserved funding.

San Jose Clean Energy (SJCE) and EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America, signed a 20-year power purchase agreement for 100 megawatts of new solar energy and 10 MW of battery storage at the Sonrisa Solar Park in Fresno County, California. The project is anticipated to be operational in 2022.

A new report from analysts at Wood Mackenzie forecasts 6.6 GWh of residential energy storage to be installed across Europe by 2024. The economics of the technology are at a tipping point, increasingly reaching grid parity in European markets. With rising electricity demand and falling battery system costs, the trend will further spread across the continent and fuel an uptick in demand.

A new Smart Electric Power Alliance (SEPA) report finds that the U.S. energy storage market is healthy and primed for continued growth, with interconnected capacity growing significantly in 2018.

The largest U.S. residential solar installer hit deployment expectations and built out its battery business in the second quarter.

Hawaii’s residential solar market continues to contract, a phenomenon the industry largely attributes to policy changes that went into effect after the state ended net energy metering in 2015.

Major PV inverter manufacturer, SolarEdge Technologies has been forced to accelerate expedited shipping via air freight, despite a 25% increase in manufacturing capacity as the company continues to set quarter sales records.

US residential solar installer Vivint has secured a US$325 million revolving warehouse facility to refinance existing debt.

The costs of residential solar-plus-storage have already dropped or will only take a few years to drop to nation-wide grid averages across key European markets, according to Wood Mackenzie.

The authorities in Western Australia have revealed that two units at Synergy’s Muja Power Station will be retired from October 2022. The state government said the coal-fired units were only being used about 35% of the time, largely because rooftop solar has reduced demand on the grid.

The deal opens a new market for residential storage: California’s rapidly expanding community-based electricity buyers.