Solar Market Crash 2024

-- Links --

Solar Surge will teach you all about being energy independent and how to set up your home to run off-the-grid during an emergency. We empower families to take control of their energy generation and storage so that they will never be left in the dark without electricity.

In this video, Joe explains the five factors that contributed to the 2023 solar market crash and what we need to do in 2024 to fix it.

-- FOLLOW THE SOLAR SURGE PODCAST --

--JOIN OUR COMMUNITY--

-- CONNECT WITH US --

[prepsolar]

thank God I went on a diy system and have no regrets been on solar energy for two years now and haven't had any issues. my solar system is all paid for I spend less than $8, 000. these companies charging over 60k its ridiculous.

[steverobbins]

I installed my own grid-tied solar in Southern California. Started my NEM 2.0 application with SCE in February 2023, right after applying for a permit. It took 9 months to get the permit from the city of Thousand Oaks, which put me well past the NEM 2.0 deadline; when I went back to the SCE website to finally complete the application by uploading my final inspection card, I found all my docs were deleted. I thought I was screwed, but after emailing SCE and pointing out that I'd already paid the fee back in Feb, they made an exception and let me in under NEM 2.0. Finally got permission to turn on in Feb '24.

[weldo]

OUTSTANDING! As a retired CEO from the construction industry, I have seen these problems before. I also have seen companies come and go. Twenty to thirty year warranties are worthless if the company is bankrupt. And, corrupt and shoddy workmanship is common in emerging market segments. Thank you for your expertise in solar.

[michaelchadwick]

I finally pulled the trigger in August . . . what an absolute cluster the entire process was. I had to be my own Project Manager if I wanted anything done in a timely manner. Between dealing with the solar company owner, installers, and idiot inspectors who had never seen my type of system before it was an absolute nightmare. There was ZERO communication unless I initiated it, no design reviews, and no detailed breakout of what I was buying. I kind of knew what I was getting into but for those that don't it will be a VERY frustrating process.

[keithpvbatt]

The best video for the general public!! Few people understand the extra challanges of permiting, electrical integration, etc. The solar battery installation is what we refer as custom work or job they are never cookie cutter.

[postulatingspin]

So many people have been scammed and now everybody knows. Interest rates have very little to do with it….it is people getting terribly ripped off on a wholesale basis. 80% of solar install companies have gone bankrupt. Additionally, only about 30% of what you see on rooftops is operational. Keeping these systems running is tricky and you need to be a DC/AC electrical expert, ie, a solar geek, a solar hobby guy. If you are not, you are going to get screwed 9 ways to Sunday just to keep it running…like my sister. Many insurance companies will not insure homes with panels….roof leaks, roof accidents, roof fires, etc.

[stephen]

Joe, your presentations are so well done. Thanks.

[RandyA]

We used SunPower in California and they were great - installed panels and batteries and tied into a previous system that is leased. We decided to pay cash for their system and so happy with it.

[markbeiser]

I'm an HVAC contractor in Texas and have seen a lot of solar systems in customers homes.
The design and installations are almost universally awful.
After I get my new standing seam metal roof installed, I'll do my solar and battery storage myself...

[taylormills]

Great video. Such great information.
2023 was our best year but I just have a small growing company. We don’t use predatory sales or finance organizations. Let’s make the future better! Let’s put the immediate and long-term customer experience top of mind.

[anthonyesparsen]

Thanks for having a good heart for your clients joe this is very rare today

[af]

Excellent and much needed commentary Joe!
Thank you.

[hoangvu]

Great job with your analysis. I have seen 3 previous vids about this issue that did not provide any clear-cut explanation at all. Kudos!

[steveinoz]

In Australia, electricity is expensive and solar is cheap. Both federal and state governments subsidise solar panel (and battery) installations. This results in a 6.6kW panel set costing $3000 instead of $8000. They can only be installed by licensed installers with accredited electricians. Now 30% of houses have solar panels.

[davelindgren]

I made a mistake of going with a contactor because he had done work in my neighborhood and had navigated the HOA approval process.
That was a mistake, what a nightmare. I told him before the job started, "there is no such thing as a change order". He was 3 months late, was not correct on having to downgrade the main panel from 200 to 150 (they had to downgrade it) and then tried to hand me a change order when the system was done after all the work was complete.
I told him what he could do with his change order.

[TedNix]

Hello Joe, hope you are well: informative and educational as always!!

[Oudeis]

I am so grateful that I chose a local solar company that had a long history going back to solar projects in Europe before the family business expanded to Texas. It was because of Solar Surge that I gave a lot of consideration to the reputation and financial health of my contractor; until I watched Joe's videos, I hadn't really thought about what problems I could face if my installer went bankrupt mid-project or during the warranty period.

[MichealAdams-pgcu]

Always a BIG thank you to you Joe for the wonderful public service you do for the entire solar energy industry & our nation! You're also very well spoken as well. Keep on keeping on Joe! And don't change the jingle music on your your videos-I like it! 😉

[duvanrojas]

Great information. I have 35 solar panels and 2 batteries for 3 years my ínstaler was PEG Energy at Laredo Texas, very professionals, and the financial was done by MOSAIC with a low interest rate
I'm not been Paid for this comment.

[isovideo]

Two years ago, I ended up doing all my own install of a 13KW 240/120VAC house system with 12KW of solar and 45KWh of battery storage, except for the 120/240VAC side of things where I hired an electrician. In total it cost me about $40, 000 (and a lot of my time), and I saved about $40, 000 over hiring a solar installation company. The system doesn't backfeed into the grid, and this prevented a lot of permitting and UL certification headaches. Furthermore, as I now understand how everything works, having designed the system, and ordered, and purchased all the components myself, then long term maintenance is not a problem either. Today, panels and batteries have come down in price, so it would now cost about $15, 000 less than it did two years ago. The other nice benefit is "what powercut?".