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07 Jun, 2024
Posted by George Moskoff
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PG&E is doing just fine, SunRun is not.

Sunrun recently announced the closing of its residential services unit, which provided rooftop solar installations. They laid off over 1,000 workers in North America, and operations in Europe and Asia don’t look good.

Meanwhile, Tesla Energy / Solar isn’t doing all that well, either.

My theory is that this difficult business environment for solar installers, in California, is a function of the CPUC’s decision to allow a significantly reduced rebate structure for electrical power injected into the grid from residential rooftop solar.

Sunrun exited the residential solar market in Arizona in 2023.

There are still tax incentives from the Inflation Reduction Act (IRA) for PHEV’s.  Click here for link.

Stay safe out there.

George, Alexander and Damian

Tesla stock declines

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