The home solar business is growing fast as thousands of homeowners install panels on their roofs to save money. Yet the biggest companies that install and finance home solar systems are reporting hundreds of millions of dollars in losses.
Governors Wind Energy Coalition
Home Solar Is Growing, but Big Installers Are Still Losing Money Source: By Peter Eavis and Ivan Penn, New York Times • Posted: Wednesday, January 6, 2021
Some companies are having trouble surviving and making money installing panels because of intense competition and the high costs of doing business.
Solar panels atop a home in Brooklyn. Home solar installations, measured by their power capacity, grew 17 percent last year.Karsten Moran for The New York Times
The home solar business is growing fast as thousands of homeowners install panels on their roofs to save money. Yet the biggest companies that install and finance home solar systems are reporting hundreds of millions of dollars in losses.