I usually go right to the comments section.
U.S. solar installation estimates jump in new industry report
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U.S. solar installation estimates jump in new industry report
https://seekingalpha.com/news/3472110
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Kind of OT but I am considering a six figure solar project for my company. Good tax incentives coupled with good warranties. Solar power is definitely starting to make economic sense. 19% IRR for my project.
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Would you say this is good for emphase? How?
Considering Enphase is a major supplier of inverters, the answer is an obvious yes.
I believe the solar industry is going to continue to grow at an increased rate for a very long time and the money is going to be made in new technology like smart inverters, software solutions for monitoring and controlling output, and storage.
I think battery technology is holding renewable energy back a little; it’s only a matter of time before the next big break through and when utility scale storage becomes a reasonable option, things are going to explode.
Climate change continues to grow as a major focus around the globe, even the big oil companies admit it is a very real issue we are just now coming to terms with. This will probably be one of the biggest drivers of growth for a long time.
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There is a Nova show available on Netflix called “The Search for the Super Battery”. I think you are correct that battery technology is holding solar back a little, but there is a ton of research going on to solve that problem. Talk about a possible future high-growth market… Worth keeping eyes on for sure.
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This is from the comments section:
best way to play solar is through the inverter companies enph and sedg… inverter are the brains while panels are a commodity… inverter companies are the ones who sell the storage add ons mainly and will eventually sell software to utilities to control the flow of electricity the panels produce or when the batteries need to discharge…
And just to add on, the data ENPH is already collecting on their systems’ production through Enlighten, and now through consumption monitoring as well, is going to have enormous value as well
yea I think the revenue that can be gained from inverter companies selling software (data) to utilities is the most over looked aspect of solar investing… distributed generation and vpp will be very lucrative and only inverter companies (as opposed to panel makers) can benefit since all of the tech is in the inverters… especially enphase seeing as they use an ASIC . . .
My friend/neighbor services these solar grid inverters for a living. There’s so much work for him to do, he can’t stay on top of it and his company has basically rolled out the cash truck to him to make him stay with them, travel half the country every week and keep them runing. Solar is definitely continuing to grow and expand.
I hate myself a little for selling SEDG too soon (late 2016). Of course, right AFTER I let it go, it started the upward climb from $27 to almost $60 now… Can’t win them all, and that cash went into SHOP and a few other things which ended up with fat 3-digit annualized returns, so can’t hate myself too much.
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