This is your SolarWakeup for December 6th, 2023
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/
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Yann
This is your SolarWakeup for December 5th, 2023
Inverters Up To Par. NERC continues to be concerned about solar farms and their inverters’ ability to handle grid issues without tripping off. Losing GW of power generation is troublesome for a grid that would then potentially trip off other generation in a zipper effect like has happened in the past. Ultimately there’s a mismatch around specifications and controls being unimportant to developers compared to the value that they represent to the grid operators and asset owners especially as they are asked to keep up with new generation. Will existing solar assets have to find ways to comply with these revised standards and will new projects follow them, meaning will the capital markets require this of new builds.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for December 4th, 2023
California Woes. There’s no time wasted to 1-2 punch the residential solar market. Changing to NEM 3.0 took major air out of an important market that has kept the grid up and running, creating tens of thousands of jobs. Now, just as resi companies are also struggling with interest rates, but adjusting to a solar plus storage reality, the CPUC is coming after the homeowners with higher fees. Basically what homeowners are told by regulators is, don’t go solar but if you do, then you’ll pay us more anyways and if we need your power which we will, then you won’t get paid for it. I was actually expecting the Newsom/Desantis debate to bring solar up given the way that California has gone versus Florida and how silent Newsom has been on the issue.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for December 1st, 2023
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for November 30th, 2023
If You Mustache, You Must Give. Several of my colleagues at FlexGen have been participating in Movember this month (Zoom calls have been invaded by less than appealing mustaches). Movember is the leading charity changing the face of men’s health and works to tackle the biggest health issues faced by men – prostate cancer, testicular cancer, and mental health and suicide prevention. Since 2003, Movember has funded more than 1,250 men’s health projects. Please consider supporting the FlexGen Movember Team.
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Yann
This is your SolarWakeup for November 29th, 2023
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/
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Yann
This is your SolarWakeup for November 28th, 2023
Real Estate, From A Bird’s POV. Parking Lots, rooftops and flexible substations. These are the simple steps to a grid taking advantage of the technologies that drive us forward. We even have the technology to put solar farms on the land without having to tear the land up in terrain following trackers. 250,000 rooftops in DC is a fourth of the original million rooftop goal set in California but in an area more similar to a Sacramento than the 5th largest economy in the world.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for November 27th, 2023
Plans Leading To Action. If I can sum up 2023 it’s all about ‘what we’ll do’. By that I mean it was a year of setting aspirational goals and developing plans, goals and guidance. When it comes to doing, it left something to the imagination. As I shifted from solar to storage nearly three years ago, I didn’t know that I would see myself transitioning into a trillion dollar market that would set the foundation for another leap in solar’s growth potential. But ultimately, when the IRA passed in 2022, we thought 2023 would create uncapped execution in 2023 as we all held our breath for the elusive guidance and of course interconnection queues. Storage, unlike solar, is also doing self discovery for the source of capital that wants to own an asset that does not generate electricity and oftentimes does not have an offtake agreement. Heading into December, you can see the what if becoming the we’re doing because unanswered questions are finding their solutions.
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/finance or contact capital@palmetto.com for more.
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Yann
This is your SolarWakeup for November 21th, 2023
Happy Thanksgiving. I am thankful to have spent another year with you all in this crazy, amazing digital relationship. For those of you that are recent subscribers, thank you for joining and for those that have been with me for 12 years, thank you for making this part of my life. While I have had less time to write this year than ever before, I do enjoy sharing my thoughts from time to time with you and engaging in conversations about what is going on. We’re heading into the holiday season and that’s the time to reflect back on where this market has come from and where it’s ultimately going. We’ll be off until Monday, talk soon!
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Yann
This is your SolarWakeup for November 20th, 2023
Managing Installer Cash Flow. Interest rates are the highest in 22 years, increasing solar financing costs and softening consumer demand for loan products. Businesses are feeling the pain of strained cash flows, labor costs and profitability pressures. Palmetto, a B2B technology company accelerating the adoption of clean energy, has announced a new partnership offering for solar installers to help stabilize cash flows and grow faster in today’s market. Built on top of Palmetto’s Clean Energy Operating Platform, this is a comprehensive suite of tools and services enabling installers to streamline operations, optimize performance, and increase profitability. Visit https://www.palmetto.com/
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Yann