the incentives were for the property owners - but solar power equals no dependance on utility companies, so cali killed the incentives - and while intelligent, self-reliant people didn't fall for government/political propaganda that encouraged people to stay dependent to utility companies - many people did, which is why utility prices are out of control today - fool you once, fool you twice, fool you over and over and over ..
But thats literally every industry but largely energy (including PG&E), agriculture (farmers) and transportation. The problem here is bad policy. We must find alternatives clean energy sources . 🌍 Also the rent is too damn high 😂
@@Love_Steven_Q pg&e needs to be dismantled, they are responsible for thousands of deaths and they cheat their customers...We can have socialist policy without becoming socialist. Nobody should be profiting on public utilities, all should be state or federally owned.
I work in the industry. They did have premium good solar panels but their production was slow compared to how China dose things. Alot of panels are made in China now and are inferior but cheaper than American/European panels. Fyi if a door to door salesman trys to sell you solat dont listen to them.
@@user-ew6jy9mo4r for the most part don't listen to the actual solar companies or the sales reps they only wanna lock you into a long lease. Reps tend to be not very knowledgeable in solar and only wanna close a deal for the commission. It's very unfortunate but alot of the industry is dominant by dude bro sales rep who are looking to make a quick buck off the consumer. With alot of big companies closing it is screwing customers cause now there is zero customer support and now all the warranties are void.
You just not smart to do research before going solar or like any home improvements. Utilities companies are better in your eyes. Go to Europe and mention what you said.
Shocker!!!! I'm sorry this state is in a world of hurt because of his bad policies... Newsom has got to go.. I'm done with the silver tongued used car salesman
No, all this does is prove that the typical California pipe dream of trying to force unsustainable products and services on people is neither realistic nor justifiable. Most “green” garbage falls into that same category. It doesn’t matter what you think about it, if it doesn’t make financial sense, it will NOT be a viable long term solution. If businesses don’t make a profit, they die. Period. There is no amount of communist wishful thinking that will ever change that.
NEM 3.0, once enacted, this killed the residential solar industry in CA. NEM 1.0 & NEM 2.0 by PGE gave better retail rate when selling energy back to the grid during the day, while NEM 3.0 sold energy back to the grid at whole sale rates, ie double digit rates to single digit rates. Just sad, how PUC, listens to PGE when they need consumers to pay more for power.
pg&e got hundreds of millions in taxpayers' 'incentives' from newsom in exchange for political donations - it's not socialism - it's government corruption - and example of socialism is the military, cops, government welfare programs like ssi, medicare, and military retirement - feel free to get off my taxpayers' dime - and yea, i know for a fact that you're dependent on a government socialist program - because you don't understand the meaning of the word - fun fact - the rich side of town doesn't fall for propaganda like the poor, socialist side of town ..
😂😂😂 well that and China flooding the market either way they support socialism and were fucked over by it one by running out of other people money and two a communists socialist country oh the irony
The bosses got the golden parachutes and the employees got the unemployment line. That makes 7 solor companies in 2 years gone out of business. Until someone with more money than PG &E, or at least holds them accountable, and Newsome is gone, will it get any better.
This has happened before ... when the rebates and incentives for solar water heaters expired in the 1980s, sales dropped like a rock. The manufacturers that died had built the rebates into their cost structure as "gravy" and couldn't compete on merit. Solar water heaters were STILL an advantage, but it was brutal for a while.
Yeah..surprised you mentioned the water variety.. In Southern California a computer company I worked at was 550000 sqft..they had water solar panels on the roof for each bathrooms hot water.. Two panels per bathroom and at least 60 bathrooms When you went on the roof you were like an ant on a pool table. Lol. Earthquakes were always breaking the water pipes. Leaks. Once the solar credits of the mid late 70s died off many of those water based commercial and residential systems got scrapped. My apartments solar panels to try to heat the pool were already bypassed by 1980. Carter put water based solar panels on the white house and Reagan started to remove them si nce they leaked.
@@3beltwesty Many of the failed systems were too high-tech: sun tracking, parabolic, etc. The "sits in the sun and gets hot" kind with a Taco pump and appropriate freeze protection can go decades.
Why is the government giving tax money to companies with executive pay so out of line with their workers, and executives collecting bonuses. They run companies that can’t survive without tax money, they don’t run successful companies. They’re not worth all that excess pay.
Forget the incentive issue for a second. Senior Management took on too much debt paid themselves handsomely thru the years sucked on the teets of taxpayers and under invested in newer panel technology. This was always going to happen.
It’s because the power utilities in CA have dear Gavin in their pockets. That’s why PGE was allowed to get away with handing profits to investors instead of spending money on maintenance. That’s why the CPUC gave the power companies everything they wanted and drove the solar initiative into the ground.
There shouldn’t be incentive in the first place. The incentive is coming from people don’t have house or not need of solar , it’s not fair. Let the market decide winners and losers.
The incentives were there because it's renewable energy and Solar PV is the future. Government gives incentives towards things it feels are helpful toward society.
@@UYT7715Flower You're overlooking the fact that some people actually DO understand reality better than others. Would you be opposed to a law that prohibits people from feeding cyanide to their children?
Yep, the technology is NOT sustainable in the mainstream. It can be sensible in some specific applications to augment the grid, but is by no means a replacement for fossil fuel power. Nobody would even care about it at all if only we smartened up and went nuclear for most/all our power.
Oh look, all the idiots who screamed and yelled about how they got free/cheap solar panels, who totally dismissed the people who told them that model was NOT sustainable, all have been proven wrong today. Imagine that!
It was always a scam. One hint...they never allowed customers to pay with a line of credit, always wanted imediate funds. They were planning this all along. The executives should be indicted, as well as any collaborating politicians.
There are lots of examples of this, some EV 'startups' became worth billions without selling any cars. You make some cool looking promotional videos, collect money from govt grants and gullible investors, then sell everything. It's all technically legal though.
Its actually a bad thing and the same thing they always do. Now that all the wealthy already got their subsidized solar, everyone who was still saving up to get them is fucked. Any subsidy should be 1 per taxpayer no matter when they use it.
Yes sure that why power rates are still going up. Energy generation on ca costs 1/5 of Hawaii yet we pay more. It's company greed and politicians that allow it for more campaign donations.
Is that what you would say about PG&E? Play me 2.2 billion in profit yet they're still jacking up your rates. There is no competition right now like there is in the phone market.
There’s often a glut of daytime solar power now thanks to all the roof installs. The need to subsidize PV panels is evaporating. What’s needed now are batteries to capture that energy for nighttime needs (which often includes AC/heat-pumps). And backup power is needed for areas getting shutoff during fire hazards. So that’s where the California incentives are being shifted to. Times change, needs change. There will still be rooftop installations but it’s a good time to offer batteries and backup generators too. As a side note, I think there will be a market soon for improvements on current permanently installed air cooled standby generators. Air cooled generators aren’t rated above 104 degrees F in most cases. The average July 2024 daily high in Phoenix, AZ was 112 degrees. Raleigh, NC set a daily record on July 5th of 106 degrees. More to come. A generator that has to spend time cooling off isn’t doing you much good when it’s needed most.
That's the trouble, it produces energy when nobody needs it. we need SUSTAINABLE energy- energy production that can be SUSTAINED., when the sun goes down, the wind stops blowing, and the subsidies dry up.
Nem 3.0 has made solar pointless. From 1-5 year payback now 25 year payback and the panels / batteries won’t last that long. Yeah energy companies were subsidizing solar a bit but nem 3.0 wasn’t gradual it was full stop.
Business in the blue state of California cannot thrive under strict regulations and higher taxes! Cheveron and Telsa will move out of CA, and a lot of illegal immigrants will move in. From the surplus, California now has faced a huge deficit! Recently my neighborhood has existed a huge encampement of homeless people living in cars and trucks!
I’ll be honest CA is not making it an attractive place for illegals since all the jobs are leaving. The majority of these are blue collar. I feel like newsom has a even more sinister plan.
People assume you put up solar panels and they are good for a lifetime. 25 years is the average lifespan of a solar panel. Probably gonna cost a little more in 25 years, when you pay again to replace them
Dont let them fool you, this was bad management and leadership in positions of power that had too much ego they'd rather se the business fail than comply to the new standard medians. A practice known for getting grants and government incentives with having low business knowledge about how fast it was advancing. Then, the cost overran the business, and nobody in a leadership position cared enough to even try and save it. Wrong people in charge.....
They really were not competitive to other brands. Efficiency and output metrics were way below modern units. They just couldn't or didn't adapt and used tech and processes from 15 years ago. At best they were middle of the road products with top pricing. Being made in the US was probably it's strongest sales driver.
Green energy companies can’t survive without government subsidies. EVs can’t survive with out government subsidies & free charging at work (which is tax deductible).
How the hell are you going to try and say they were making “premium” solar panels if they were still using older tech..? I think this guy might be confusing “premium” and “expensive”
Newsome enacted the new law requiring a back up battery. ( utility company not owner benefits) We bought our panels before the new law began. The battery would have cost us about $4,000.00 our panels cost us $18,000. This of course depends on the size of what you require as to how expensive the panels cost. We bought ours outright as renting seemed questionable if you have to sell your home buyers may not want to rent panels. Anyway, after the battery requirement law there was a decrease in installations.
Sunpower made high quality cells and panels. But the final cost of manufacturing them is no longer competitive when compared to new panels made with more recent technology. So yes, premium panels, but not price competitive in today's market.
@@spankyssurprise1361 Nothing wrong with putting them on the roof. If you're cheap, just replace the paper/shingles underneath the roofing penetrations and if you're thorough, do a re-roof with a 30+ year roof prior to doing the solar install. Getting the solar and roofing company to work together by putting the roofing penetrations first prior to doing the paper and roofing material is the only way to have a guaranteed roof. The whole roofing problem is a lack of coordination and being realistic issue. If you have a 30 year old roof, makes no sense to install solar on it unless you're willing to put new paper/shingles under each roofing penetration or willing to re-roof the areas you're installing solar on.
You just proved why solar isn’t sustainable or realistic for most people. $50k out of pocket for the panels and install, plus another $25k for a new roof to go along with it? MOST people aren’t doing that out of pocket. Hence the incentives, but incentives only guarantee failure since the business isn’t actually making any money without the taxpayers funding it. That is a GARBAGE, TOTALLY unsustainable model.
Lol SunPower uses Maxeon panels. Maxeon is going solo now and not using SunPower any more for branding. SunPower was just a shitty company. That professon knows nothing...
Dude I was thinking the exact same thing! Professor didn’t know anything. Any good industry professional knows SunPowers a joke. They turned into a greedy and horribly run company years ago. They deserved to fail imo, and I have been calling this for years saying SunPower wasn’t going to make it to the end of the decade and here we are. And yeah they’ve always just taken existing product and just slapped their logo on it basically. Enphase microinverters, SMA inverters, Fronius inverters, etc. And the only stuff they actually made was the monitoring equipment and that stuff fails all the time 😂!
"premium solar panels manufacturer that was using older technologies" That's the problem not only with the Solar Panel industry, but especially true about our auto industry. Look where China's EVs are in terms of technology, and where our cars are.
Private Equity and massive debt payments had to be in the dynamic somewhere. Oh look. It's KKR. Go figure. I guess rolling all that debt into the new interest rate environment had nothing to do with it - eh Professor?
Solar companies have been going out of the best since 1970s when I first got interested and using solar cells. For me, they only make sense when you are of grid with the necessary batteries to store the daytime power to use at night. Anyone that doesn't have their own batteries are getting kick backs from the general power user in higher cost per KWH.
So how you liking that greed, corruption, outsourcing and tariffs America? But the inflation RATE has reduced. Goods will only go up 10% this next year.
