Rooftop solar energy is becoming a financially viable way for millions of U.S. consumers to generate their own electricity — and utilities are doing everything to kill the solar boom before it gains too much traction. Utilities in states such as Florida, Wisconsin, and Nevada have tried to undermine rooftop solar at the regulatory level and in ballot measures. As a reaction, voters have fought back and beaten the efforts to squash solar energy.
The impact on residential solar companies Tesla (NASDAQ:TSLA), Vivint Solar (NYSE:VSLR), Sunrun (NASDAQ:RUN), and SunPower (NASDAQ:SPWR) shouldn’t go unnoticed. They’re winning the policy war against utilities, and as they do, it’ll open a larger and larger market across the country.
Policy wins are going to renewable energy
The election earlier this month was accompanied by a number of ballot initiatives that will impact solar energy for years to come. And for the most part, solar energy was a huge winner.
Despite utilities’ spending $26 million to pass a referendum that would have undermined solar economics in the state, Florida voters rejected the utility referendum. The state now looks like it’ll have a bright solar future.
In Nevada, less than a year after the public utility commission essentially killed the rooftop solar industry, residents overwhelmingly voted to break up Berkshire Hathaway (NYSE:BRK-B)-owned NV Energy’s long monopoly in the state. Customers have to be given energy choice, meaning more solar in one of the country’s sunniest states.
In the past, Wisconsin has tried to add fees to utility bills that would kill solar energy before it ever got started, but those attempts were rejected by the court.
There’s an important trend here for utilities and solar companies: When solar energy goes on the ballot or to the court, it wins. That should have every utility in the country frightened because that gives millions of customers choice regarding their energy needs.
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Accompanying the launch of the its
Tesla is perhaps best known for its electric cars, but the company has another prominent business as well.
As the cost of renewable energy continues to decline and intermittent clean power sources such as wind and solar gain ever an ever larger foothold in the global energy mix, the ability to store energy that can be quickly dispatched when needed has become as important as the development of renewables themselves.
Hydraflow
November 24 (SeeNews) – The island of Ta’u in American Samoa can now meet almost 100% of its power needs with renewable energy thanks to a solar power and battery storage-enabled microgrid from SolarCity and Tesla Motors Inc (NASDAQ:TSLA), which just closed the buy of the solar installer.
The US energy regulator has opened a consultation process on the integration of energy storage into a competitive market structure.
The energy storage industry is growing leaps and bounds, and opportunities for energy storage deployment are quickly opening across the country and around the world. Today, in the United States, we seem to be revising our projection estimates each quarter, anticipating even more deployments as markets and regulations are recognizing the value of energy storage systems. According to the US Energy Storage Monitor, deployment grew by more than 256 percent in 2015, and 2016 is on pace to be another record setting year in the U.S. alone. Markets across the globe are adopting cost-effective, reliable energy storage as well, with more than 2 gigawatts (GW) of new systems announced this year.