Tag Archives: Daily Rundown

This is your SolarWakeup for September 10th, 2019

Big (Personal) Professional News. As you know, I started working at Quick Mount PV a little over a year ago. Our team has done extraordinary work over the past year and alongside amazing customers and partners, we grew at an unbelievable pace. Yesterday we announced that we joined the Esdec group of companies, with Quick Mount PV being acquired alongside Ironridge. Together, we join previously acquired EcoFasten to form the largest group of mounting and racking companies in the US. Personally, I look forward to working with some of the best folks in this sector. The residential market is growing well above estimates and our group of companies will surely lead the way!

What It Means. All three “Esdec Companies” will continue to operate independently, serving their existing customers with unique product lines through their current sales channels. Installers, along with their distributors, will continue to be able to buy the products they love with the additional upside of knowing that these companies are ready to grow with them. In an era where trade and regulatory uncertainty drive the news cycle, a stronger supply relationship will provide business certainty installers need in their rapid growth. If you have questions about this please let me know or reach out to your reps, we’re all here to answer your questions. 

Louisiana Shenanigans. When a flawed study makes its way to a PSC that doesn’t regulate monopolies in a fair way, bad things can happen. Louisiana has all the signs of a situation that makes solar have to compete on an uneven playing field where incumbent monopolies have an advantage. If you are in the LA market, make sure to make your voice heard. 

A Climate Call From SEIA. The solar ITC is the best tax credit taxpayers can buy. Being a percentage-based credit, in a market that has been declining unit costs for over a decade, the value of the credit for the taxpayer has gone up exponentially. This is very important looking forward, where the energy economy is looking for a giant increase in solar capacity on homes, on buildings and in the fields. Abby Hopper, CEO of SEIA, is right to connect the dots between the value of the ITC and climate change, showing that solar is here to play its role and the importance of the extension. Take some time this week to contact your member of Congress and let them know this is important to you. 

Opinion

 

Best, Yann

This is your SolarWakeup for September 9th, 2019

Flawed And Basic Analysis From MIT. The movie has been seen before, solar homeowners reduce their consumption and therefore pay for less of the fixed grid costs that are added to your bill on a per kWh basis. I have come to expect more from MIT but will continue to be disappointed. When someone says that solar owners shift their costs to other energy consumers they do so at great investment, much like a homeowner that installs all new appliances and air conditioners that use less electricity. What about people that change their light bulbs to LEDs or install a tankless water heater fueled by gas? All of those situations decrease kWh consumption and thereby lower infrastructure payments. We will also ignore seasonal homeowners in this conversation. What about homeowners that buy electric vehicles, should they be given a discount on their consumption since they are absorbing more of the infrastructure but not paying a gas tax that pays for the roads they travel? Here is the reality, this isn’t a one-way analysis and a fixed charge is far from a solution to this non-existent problem. Solar owners buy less kWh from the utility and therefore pay less for the infrastructure. Solar owners also firm up the infrastructure with their investment and make the utility less likely to have to invest in the infrastructure. When the payments lost are less than the savings gained, solar owners come out in the green. They save money for other utility customers and experts have shown this time and time again. 

The Importance Of Quality. Congratulations to CALSSA for tackling the important issue of consumer protection and making it a standard for its members. Homeowners will have another way to know if a contractor is doing it the right way and not pulling a fast one on them, whether they are doing it with aggressive sales tactics, dubious financing or subpar installation techniques. SEIA has a guide as well and I’d like to see that expanded to the installation/products side of things as well. 

San Francisco’s Muni Power. San Francisco is asking PG&E to let it go, offering $2.5billion for the electric infrastructure so that the city can create its own utility system like Los Angeles and Sacramento. They are not asking to acquire the gas system. San Francisco has voiced interest since the bankruptcy and now wants the company to ask the courts to let it make the deal. Voters have already approved the funding mechanism so the city can buy the wires and no further votes (through election) would have to be taken. PG&E didn’t say no explicitly in their comment but “we’re not interested” would have saved us a minute of reading. This story is not over yet, stay tuned…

Island Infrastructure. It’s been two years since Puerto Rico was ravaged by Hurricane Maria and the industry spent time to figure out the best way to rebuild the electric infrastructure. The upper Bahamas are now in a similar situation, some islands left with nothing, after Hurricane Dorian last week. The Bahamas have to rebuild in a way that serves the tourism economy and tries to create some sustainability. Most transportation is marine and aviation so all-electric is impossible today but how can we help the Bahamians with our lessons learned? 

Opinion

Best, Yann

This is your SolarWakeup for September 5th, 2019

Have a great day!

Opinion

Best, Yann

This is your SolarWakeup for September 4th, 2019

The Flawed Dilemma. Following up with on yesterday’s poll that showed separation from voters on the importance of climate change, is this article about the varying views of the policies being debated within the democrat party. Some view the green new deal as extreme and going too far, especially on the non-climate related policies. And that’s okay, if the democrats finds ways to pass some or all of the policy, we are stepping in the right direction. I don’t think that this is bad politics, voters actually want debate and action; the politics comes in when one side says we want to do something and the other side has no counterpoint. It’s as if your house is on fire and two fire trucks debate which side of the house to spray first while the third says the house isn’t burning. Spray the damn house!

The Real Life Upside. This Rolling Stone story about the Harlan County coal miners is one of the best articles of the year. The story is about a coal company that filed bankruptcy and cheated workers out of 2 paychecks, the first check bounced and the second check never came. At the same time, $1.4million in coal was loaded on a train at the mine and ready to be sent out to a buyer. So for the past month, out of work miners in Harlan County, KY, have been sitting on the railroad tracks. The train is stuck until the workers get paid, “No Pay We Stay,” is their slogan. Some 1,700 workers lost their job in this bankruptcy and there would be nothing that would make me happier than figuring out how solar can play a role in their next job opportunity. Coal communities are oftentimes solely reliant on the mine being open, without it, the community has nowhere else to turn for economic opportunity. When it comes to debating climate change, let’s debate the climate change upside in a way that means something tangible to the workers on the Harlan County railroad tracks, so they make a decent wage doing a day’s work but instead of mining for coal they are installing solar panels, making hardware or climbing wind turbines. That’s the political argument that means something to voters. 

Ignoring The Pundits. One person who is ignoring the polls is Elizabeth Warren, who adopted and doubled down on the Inslee plan to combat climate change. In a medium post, Warren called for trillion dollar level investments that decarbonize the economy over a ten year period. This was met with quick endorsements for her by ex-Inslee staffers. 

Solar Market Optimism. The optimism for the US market continues, not just with talking points from executives but tales from the financial statements as well. Module and cell companies are talking about massive investments and backlogs from strong global market demand and a US market that is looking to push strong going into 2020, especially with hopes that the ITC gets pushed through. 

Watch The O&M Space. BayWa r.e. acquired the Toronto based software company, PowerHub, yesterday. PowerHub is well known in the asset management space as a solution to manage projects after they have been placed in service. Originally started to help Ontario solar projects manage their domestic content certifications, PowerHub made a quick pivot to the broader market and found an exit in this acquisition. Congrats to the team on this and keep watching the O&M space for more consolidation. 

Opinion

 

 

Have a great day!

Yann