Introduction
Every quarter, our ConveYour team assembles a newsletter digest of the biggest news, trends, and developments in the world of residential solar. This newsletter is sent out to our subscribers before it gets posted on the site.
Want early access? Send us an email at [email protected] to get signed up!
🌎 The Big Picture
Despite an industry pullback and policy turmoil, a new report has been released finding that thanks to residential solar, California ratepayers saved $1.5 billion last year.
Click here for more.
McKinsey & Company has released an article on the present state of residential solar after 2024. They believe that the downturn in residential solar was a correction instead of a collapse, and found that 80% of homeowners would recommend solar - an all-time high
Click here for more.
The Solar Energy Industries Association has reported a 31% decline in residential solar installation in 2024 vs 2023. However, residential solar capacity is still expected to triple over the next decade.
Click here for more.
While residential solar faced a downturn over the last year, both community solar and commercial solar installations increased by 42% and 18%, respectively. This significant growth points to resilience in the solar industry overall.
Click here for more.
🐝 Did You Know?
Some solar farms are now pairing panels with pollinator habitats, using native wildflowers under arrays to support biodiversity, reduce erosion, and improve local crop yields.
Click here to learn more!
🏗️ Company Moves and Tech
Palmetto announced that it has secured $1.2 billion in investments in support of its LightReach brand, a residential solar lease and power purchase agreement platform.
Click here for more.
As of Q3 2024, solar cells were manufactured domestically in the United States for the first time since 2019. This was led by facilities located in Alabama, Florida, Ohio, and Texas.
Click here for more.
Ambia Solar has relocated its headquarters to Lindon, Utah, as part of its strategic growth plans. They have moved into the former headquarters of BambooHR.
Click here for more.
Turbo Energy’s SUNBOX Home, an AI-powered storage unit, has earned UL certification and will begin installs in five U.S. states: California, Florida, Georgia, Louisiana, and Texas.
Click here for more.
LGCY Power is partnering with national homebuilders to integrate solar into new construction projects. The LGCY Power New Homes Division is kicking off with 13 new home communities.
Click here for more.
This expansion marks a major milestone for LGCY Power. We are excited to collaborate with leading builders nationwide, offering best-in-class solar products, flexible financing, and top-tier customer service to make renewable energy more accessible for new homeowners.
Doug Robinson, CEO, LGCY Power
🇮🇩 Did You Know?
The world’s largest floating solar farm is under construction on Indonesia’s Duriangkang Reservoir. Once complete, it’s expected to generate 2.2 GW of electricity while reducing water evaporation, preserving a critical freshwater source, and improving panel efficiency thanks to cooling from below.
Click here to learn more.
⚖️ Policy, Risk, and Regulation
In the United States, a new executive order has paused IRA fund disbursements. The order states, "All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022."
Click here for more.
A proposed Texas bill would require at least 50% of new electricity capacity to come from natural gas and other dispatchable sources - potential roadblock to renewable expansion.
Click here for more.
Australia added 4.7 GW of solar in 2024, with rooftop market momentum shifting toward commercial installs and utility-scale growth.
Click here for more.
Japan’s energy R&D agency has unveiled a solar strategy targeting up to 29% of the energy mix by 2040 through advanced tech, recycling, and system innovation.
Click here for more.
🔗 Quick Links ⚡️
Florida added more utility-scale solar in 2024 than any other state - over 3 GW - despite minimal state-level climate policy.
Click here for more.
Hawaiian Electric now supports nearly 114,000 rooftop systems—up 7.5% from 2023!
Click here for more.
Installers are expanding into EV charging, roofing, and HVAC to stay competitive in a shifting solar market.
Click here for more.
Tickets are STILL AVAILABLE for SolarCon 2025, which will take place April 15-17 in Las Vegas. Just announced - keynote speaker TONY ROBBINS!
Click here to get signed up!
Who Are We?
Recruit, onboard, train, and retain more solar reps with less manual work so you can scale faster and dominate in the solar industry.
Click here for a FREE hands-on demo.