Residence Photo voltaic is rising, however giant installers are nonetheless dropping cash

Home Solar is growing, but large installers are still losing money

Sunrun and Sunnova, two of the country’s largest solar companies, lost $ 500 million in the first nine months of the year, and a total of $ 1.3 billion in cash was spent operating and purchasing solar systems. The companies and their supporters on Wall Street say the losses are due to solar panels growing rapidly and requiring a lot of upfront investment, and investors in the companies can use the losses to offset their tax liabilities. Still, residential solar energy is a highly competitive and expensive business, and Sunrun and Sunnova face hundreds of smaller competitors, many of whom have been making profits for years.