"California's Rooftop Solar Market Faces Daytime Glut and Legal Challenges"

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Source: Mish Talk
"California's Rooftop Solar Market Faces Daytime Glut and Legal Challenges"
Photo: Mish Talk
TL;DR Summary

California's rooftop solar industry is experiencing a significant downturn as demand for solar systems plummets following a 75% reduction in compensation for excess electricity sent to the grid. The oversupply of solar power during the day has led to soaring costs for grid upgrades, causing more than 100 solar contractors to go out of business. The state's ambitious renewable energy goals are outpacing its grid's capacity, resulting in wasted or curtailed solar power. Additionally, the economic feasibility of adding more solar panels has diminished, leading to layoffs and economic challenges for the industry.

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