residential-solar

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Demand for Larger Residential Solar Systems with Storage Rise in the US: Report

The U.S. solar industry has seen significant shifts in recent years, with trends pointing toward larger system sizes, higher module efficiencies, and a steady rise in...

September 2, 2024

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Arjun Joshi

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Energy Storage

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Residential

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Solar
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Sunnova Energy Narrows Q2 Loss on Investment Credit Sales, More Customers

U.S.-based residential solar firm Sunnova Energy reported a 21% narrower net loss for the second quarter of 2024 at $79.7 million, an improvement from the $100.8 million...

August 1, 2024

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Arshreet Singh

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Finance and M&A

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Solar
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US Energy Storage Market Sees Record 3,512 MWh Deployed in Q1 2024, Up 89% YoY

The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 MW/3,512 MWh deployed across all segments. This marks the highest...

June 21, 2024

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Gautamee Hazarika

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Energy Storage

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Market & Policy
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NVVN Invites Bids for Rooftop Solar Systems in Andaman & Nicobar Islands

NTPC Vidyut Vyapar Nigam Limited (NVVN), a subsidiary of NTPC, has invited bids to select channel partners for installing grid-connected rooftop solar power systems...

June 18, 2024

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Gautamee Hazarika

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Solar

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Tenders & Auctions
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Implementation Issues Continue to Plague the Rollout of PM Surya Ghar Yojana

The PM Surya Ghar Yojana, an initiative by the government to install rooftop solar systems in 10 million households, has hit several roadblocks in its implementation...

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SunPower to Shutter Residential Solar Direct-Sales Units, Axe 1,000 Jobs in the US

U.S.-based solar firm SunPower Corp will wind down its SunPower Residential Installation (SPRI) locations, close SunPower Direct sales, and reduce its workforce by about...

April 29, 2024

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Arshreet Singh

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Markets & Policy

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Rooftop

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Solar
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2023 Best Year for US Solar Industry with 32.4 GW of Capacity Added

The solar market in the U.S. installed 32.4 GW capacity in 2023, a 51% increase from the previous year, according to the Solar Market Insight Report for 2023 by the...

March 11, 2024

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Staff

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Markets & Policy

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Solar
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US Residential Solar Prices Drop in Second Half of 2023 Amid Slowing Demand

Solar prices fell for the first time since mid-2021 in the U.S., dropping 3.5% to $2.80/W in the second half (H2) of 2023, highlighting a residential solar market...

February 26, 2024

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Arshreet Singh

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Markets & Policy

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Solar
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MNRE Issues Clarification on Residential Rooftop Solar Subsidy

Residential rooftop solar applications submitted before February 13, 2024, will not be applicable for central financial assistance (CFA) under the new PM Surya Ghar:...

February 20, 2024

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Arshreet Singh

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Markets & Policy

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Rooftop
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SunPower’s Q4 Revenue Falls as Higher Interest Rates and NEM 3.0 Hurt Sales

Distributed generation, storage, and energy services company SunPower Corporation posted a fourth-quarter (Q4) revenue of $356.9 million, down 28% from $498 million last...

February 16, 2024

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Arshreet Singh

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Finance and M&A

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Rooftop
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US Installs Record 7.3 GWh Energy Storage Capacity in Q3 2023

The U.S. energy storage market installed 7,322 MWh in the third quarter (Q3) of 2023, the highest capacity in a quarter to date, according to the U.S. Energy Storage...

December 14, 2023

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Staff

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Energy Storage

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Markets & Policy
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Sunnova’s Q3 Loss Jumps 75% YoY to $56.5 Million, as Operating Expenses Mount

U.S.-based residential solar firm Sunnova reported a net loss of $56.5 million in the third quarter (Q3) of the year, an increase of 74.9% year-over-year (YoY) in...

October 27, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Daily News Wrap-Up: Solar Auctions Up 86%, Tenders Rise 5% YoY in Q3 2023

Solar power project tenders floated by multiple implementing agencies in India rose 5% year-over-year to over 13 GW during the third quarter of the calendar year 2023,...

October 13, 2023

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Mercom Staff

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Daily Wrap-up
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Reduced Cost & Module Efficiency Drive Residential Solar Growth in the US

New residential solar installations in the U.S. had a median size of 7.2 kW in 2022, a significant jump from the 2.4 kW seen in 2000, thanks to cost reductions and...

October 12, 2023

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Gautamee Hazarika

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Markets & Policy

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Solar
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Residential Solar Firm Suntuity to Go Public Via $190 Million SPAC Deal

Suntuity Renewables, a U.S.-based residential solar company, has reached a $190 million business combination deal with Beard Energy Transition Acquisition Corp., a...

May 22, 2023

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Arjun Joshi

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Finance and M&A

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Solar

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