SolarCity's solar installations crash nearly 40%

Source: Business Insider
05/05/17, 06:03 AM | Solar Power, Other Renewables | Solar City | Finance, investment, Residential

Nichola Groom, Reuters:  Tesla's SolarCity reported a drop of nearly 40 percent in solar installations for the first quarter on Wednesday, the latest sign of a reversal in fortunes for the once high-flying residential solar industry.

In an earnings report this week, Tesla said it deployed 150 megawatts of solar generation in the first quarter of 2017 compared to 245 MW in the first quarter of last year.

The company, which announced last week it was curatiling door-to-door sales, said it had prioritized higher-margin projects that generate cash up front rather than trying to sell as many installations as possible. But the dramatic drop in sales for a company that had consistently delivered double-digit growth puts it in line with a broad trend affecting the rooftop-solar industry.  Full Article:

More Solar Power Stories | Articles | News

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Introducing RockIt Smart Slide

Introducing RockIt Smart Slide

Introducing RockIt Smart Slide - the ultimate solution for fast and easy installation of the rail-less RockIt racking system on composition shingle roofs. Smart Slide conforms to UL 441 and TAS 100 (A)-95 for wind and wind-driven rain, providing a super-strong watertight seal that is achieved through compression, in most cases without the need for additional sealant. The waterproofing sealant is embedded deep into the granules of the shingle, thanks to the integrated flexible foam layer that provides cushioning. This ensures a secure fit that conforms to any architectural-style shingle. With UltraGrip Technology™, you can rely on a secure installation, as it absorbs the movement created by thermal expansion and contraction. The pre-installed sealing pads are compatible with all composition shingle roofs, making it the ideal choice, even in ambient temperatures as low as 5 degrees.
More Products
Feature Your Product